Commentary: Illinois Tier 2 pension promise needs to be fixed – Chicago Tribune*

David Greising, of the Better Government Association: "The topic is on the table because a narrow section of the Tier 2 pension promise must indeed be fixed. Tier 2 benefits are not growing as fast as Social Security checks, and this violates a safe-harbor provision in federal law. The actual problem is narrow, and the legislature is considering ways to fix it. But the little-known codicil is being used as a wedge to do much more."
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Pensions Paid First
17 days ago

“But that contract obligates us to not a penny more. We have a right to rely on that benefit, just as retirees have a right to their pension checks, too.”

Of course the state and taxpayers have the right to not increase pensions (assuming safe harbor is met) beyond the current contract. I didn’t realize people thought otherwise. They also have the right to make those pensions better if they so choose. Glad David cleared that up.

Admin
17 days ago

Another empty op-ed by David Griesing. It says nothing.

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