New CTU contract could make pension hole even bigger – Reboot

1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Mike
7 years ago

The new CTU contract wii make the pension hole even bigger. That is common in Illinois. Money which could go to fund pensions is used for salary and current benefit hikes. Then the unions, employees, and retirees complain the employer is not making its full pension contribution. Doubling down, legislative pension benefit hikes to underfunded pensions happened repeatedly after the pension sentence was added to the Illinois state constitution on December 15, 1970. That practice is then minimized by Eric Madiar, by not starting his pension analysis in 1970, thereby reducing thecompounding effect of benefit hikes. If protecting pensions was… Read more »

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Your property taxes pay for government workers’ guaranteed salaries, benefits and pensions while you get no such guarantees – Wirepoints on with Jeff Daly of WZUS Decatur Radio

Ted joined Jeff Daly to discuss why Illinois’ property taxes are such a national outlier, why Illinoisans are forced to pay the high, guaranteed salaries, benefits and pensions of the government class, why Illinoisans aren’t getting their money’s worth for what they pay, the teachers unions’ influence over elections, and more.

Read More »

Number of half-empty Chicago public schools doubles, yet lawmakers want to extend school closing moratorium – Wirepoints

A set of state lawmakers want to extend CPS’ current school closing moratorium to February 1, 2027 – the same year CPS is set to transition to a fully-elected school board. That means schools like Manley High School, with capacity for more than 1,000 students but enrollment of just 78, can’t be closed for anther three years. The school spends $45,000 per student, but just 2.4% of students read at grade level.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE