No surprise that Illinois’ Tier 2 pension law being challenged in court given how it was passed – Wirepoints Quickpoint
The law was bulldozed through in 2010 by House Speaker Michael Madigan and Senate President John Cullerton in less than 12 hours with no analysis, debate or actuarial assessment.
The absurdity of the NEED to pass any legislation addressing this issue is GINORMOUS. Illinois is broke and the people in government and getting elected continue to pound on the table for more policies that will drive more businesses and people out of state. The real question is, “Will these pensions be paid at all?” Is it any wonder that the people drawing HUGE government pensions from various Illinois agencies FLEE THE STATE and live somewhere else where the cost of living is more reasonable? Illinois is horribly mismanaged and the above proposed legislation is just another example. Illinois is… Read more »
I do agree with all the ideas you’ve presented in your post. They’re very convincing and will definitely work. Still, the posts are too short for newbies. Could you please extend them a little from next time? Thanks for the post.
5 out of 9 senior administrative staff members are female. That’s infinitely more diverse than all the labor union boards comprised of old white men. Maybe we need legislation to “ensure that the racial and ethnic makeup” of the International Union of Operating Engineers leaders meets the same rigorous standards as our pension boards.