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.
It was his column. No editor. It is opinion, just like everything you write. Every university in IL could do, and has done (U of C has done dozens already for the state), these studies, and if you think they weren’t, at the least, kissing up to the boss, I have a bridge for you. The contract is .00005 of 1% of just the gain last year on its $4.5 B endowment. They apparently never heard of in-kind, for an 8 page memo. Don