Panel discusses proposals to shore up Illinois’ unfunded pension liability – Center Square

“Regardless of what plan comes out that’s agreed upon, that’s fiscally responsible for the state, No. 1, and equally respectful of the job that our employees do,” state Rep. Stephanie Kifowit said, “we need to acknowledge that it needs to be fixed.”
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Free at Last
1 year ago

Hey where’s that pension leech? We need him telling all you slaves that you have to pay up. Higher taxes are the answer. Pay your fair share. If you ever voted for a democrat in Illinois, this is what you voted for. Now pay up and shut up like the good little slaves that you are. They will take whatever they can and you will say “yassum massa.” I know, maybe if you vote for another democrat like Harris, it will all change. Your stupidity is astounding.

Ex Illini
1 year ago

All talk, but don’t expect anything to happen just yet. The politicians aren’t about to piss-off the electorate and get themselves voted out. I mean, they didn’t even acknowledge the almost equally frightening unfunded benefits liability associated with those pensions. Those lights you see at the end of the tunnel are the double barrel pension and benefits train that are going to run over the remaining residents in Illinois. Best to get out of Pritzkerville before it happens.

outraged
1 year ago

How about fiscally responsible to the tax payer!! With out us there are no jobs needed or pensions!!

David F
1 year ago

How about a out of state pension service fee.
Any pension payment made to a non Illinois resident has a 10% service/processing fee.
Illinois pension recipients should be contributing back to the state that’s paying it.

Admin
1 year ago
Reply to  David F

Courts would strike it down.

David F
1 year ago
Reply to  Mark Glennon

Why it’s a out of state service fee.
Illinois already has some out of state service fee’s.
In Illinois using a credit card on line is a service fee so they are taxing services.

Doug Heffernan
1 year ago
Reply to  David F

The courts would strike it down because it violates federal law. The law prevents states from “source taxing”. Trying to be cute and calling it a service fee wouldn’t change it from a tax to a fee. Could you imagine the state changing our income tax structure to a progressive one that violates our constitution? Pritzker and Democrats could say we have a flat tax but Illinois will also collect an additional “service fee” on incomes above a certain amount. The more you make the higher the percentage of the service fee. “See? Still a flat tax but now we… Read more »

James
1 year ago
Reply to  David F

Your selective-user fee is simply a tax with a cuter politically motivated name as a simplistic disguise, and no court is going to be deluded into accepting the underlying concept as constitutional.

Hello, Indiana!
1 year ago

Panels. Committees. Sub Committees . Findings. Resolutions. Opinions. Suggestions. Tax payer funded hot air of no consequence.

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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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