Justice Robert McLaren wrote, "Simply put, plaintiffs do not own the funds that the Act requires to be transferred to the new statewide police and firefighter pension investment funds. The Act does nothing more than require one type of government-created pension fund to transfer assets to another type of government-created pension fund.”
The taxpayer is going to get screw no matter what.
The pension time bomb is going off and all the money in the world is not enough.
Get ready for some huge tax increases for many years to come.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The taxpayer is going to get screw no matter what.
The pension time bomb is going off and all the money in the world is not enough.
Get ready for some huge tax increases for many years to come.