Commentary: Pay raise or not, legislators boosted their own pensions – Chicago Tribune

Dan McConchie: "Illinois state pension systems are the worst funded in the nation...And the legislator pension system is the worst funded of them all. Typically, a pension system is considered healthy when it is funded at 90% of its total obligations. The legislator pension system is funded at a shockingly low 15.9%."
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Governor of Alderaan
5 years ago

A legislator’s pension contributions should be based on salary, benefits, kickbacks and bribes

Freddy
5 years ago

And eventually getting a nice cushy lobbyist or consulting job to boot.

taxpaying citizen
5 years ago

Sociologist Diane Vaughn coined the term ‘normalization of deviance’ to describe a cultural drift in which circumstances classified as “not okay” are slowly reclassified as “okay.” In my opinion, Vaughn’s premise is applicable to the Illiinois legislatures cognitive dissonance. Social normalization of deviance means that people within the organization become so much accustomed to a deviant behavior that they don’t consider it as deviant, despite the fact that they far exceed their own rules for their’s and others elementary safety. It is a complex process with some kind of organizational acceptance. The people outside see the situation as deviant whereas… Read more »

Last edited 5 years ago by taxpaying citizen

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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