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.
Sounds like just another Democrat engineered redistribution of assets; nothing new here move along.
What a disaster, looks like they are really aiming for a Federal Bailout. This would mean some cities like Chicago get better pensions and conservative and downstate munis have to pay for it. This would quickly cascade where all munis get the same deal bankrupting the state even quicker than otherwise.