Finally, a candidate for governor says something serious about pensions – Quicktake

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Mr. Common Sense
6 years ago

What about taking more money out of the checks of Teacher/State employees for their pensions?

nixit
6 years ago

No can do. Increasing the employee pension contribution would be considered a “diminishment or impairment” unless something of value was given in return.

Andrew+Szakmary
6 years ago

Actually, the courts have made it crystal clear that these proposals will not work. Even if you managed to amend the Illinois Constitution, a tall order indeed, there is that pesky clause in the Bill of Rights part of the U.S. Constitution, which cannot ever be repealed, barring states from passing ex-post facto legislation and/or violating contracts. If you repeal the Illinois pension protection clause, you may be able to change terms for current employees going forward (although many legal scholars doubt even that), but there is absolutely no way, short of state bankruptcy, that you can change terms for… Read more »

jaherzrent
6 years ago

The Supreme Court U.S has “never held ..that the principles embodied in the Fifth Amendment’s Due Process Clause are coextensive with prohibitions existing against state impairments of preexisting contracts.” PBGC v. R. A. Gray & Co.,467 U.S. 717 (1984). Its “cases are clear that legislation readjusting rights and burdens is not unlawful solely because it upsets otherwise settled expectations.” Usery v. Turner Elkhorn Mining Co., 428 U.S. 1 (1976). Bankruptcy is still the best solution because it avoids the time and expense of arguing who is right and who is wrong about what governments can do to protect its citizens… Read more »

6 years ago

Jeannie is 100% correct…We need to change the constitution that has buried this State in debt.
I would also Cap pensions to $1,000,000 paid only for 10 years at $100,000 for only those that contributed to the pension fund.

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