Most politicians won’t talk about Amendment 1, they’re hoping it passes without Illinoisans understanding the consequences – Wirepoints on with Jeff Daly of WZUS Decatur Radio

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Rain Diweidt
3 years ago

There is a third objective. That is to relieve legislators from having to act on pension reform. If the amendment passes unions can halt any discussion regarding reform.

Pensions Paid First
3 years ago
Reply to  Rain Diweidt

How exactly does this amendment accomplish that Rain? Pensions are already protected by the constitution so this adds nothing in that regards.

The Hail Mary of pension reform involves changing the pension clause in the IL Constitution and stating nothing currently in the constitution prevents the legislature from making changes. If amendment 1 is enshrined into the constitution, nothing would change in terms of the overall pension reform. Proponents of the reform would simply state nothing in the IL constitution (including amendment 1) prevents changes.

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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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