Thursday, November 21, 2019

Recent Wirepoints Originals

Pritzker’s Latest Pension Flimflam And Contradictions With Illinois Bond Documents

Pritzker should have added something else to what he thinks isn’t politically feasible in Illinois: honesty.

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Governor of Illinois, home of nation’s worst fiscal crisis, slams door on pension reform

The argument that “nothing is going to happen in Illinois until things blow up” got a major boost this week. Pritzker once again rejected calls to put a pension amendment on the ballot in 2020.

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Our monthly Crain’s article: Illinois’ dystopia on full display in sick-day deal for Chicago teachers

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“The consolidation bill went bad when politicians added changes that increase the cost of pensions” – Ted on the Illinois Channel

In concept, the asset consolidation bill is a good idea. But the legislation went from good to bad when lawmakers added unrelated benefit changes into the law. They stuffed piecemeal changes to Tier 2 into the bill and voted to pass it without any public analysis and little debate.

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How Illinois’ police and fire pension consolidation bill went from good to bad

Politicians are once again doing pension reform on the cheap – stuffing piecemeal changes in an unrelated bill with no numbers and no debate. If Tier 2 is changed, it should be part of a dedicated pension reform bill that fixes all the funds at once, not snuck in as part of unrelated legislation.

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