Ted joined Shaun Thompson to talk about about the Chicago Teachers Union’s absurd new contract demands, why so many Chicago teachers are chronically absent, and Brandon Johnson’s failed first year as mayor.
What a representation of Chicago’s plight.
The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
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The WEP makes perfect sense if you understand how Social Security benefits are calculated. Without getting too into the weeds, the WEP seeks to adjust the SS benefits available to a participant to account for years of income for which no Social Security tax was paid. Without that adjustment, the participant looks like he/she earned far less lifetime income, and thus receives the larger benefit on Social Security tax paid in that is calculated for lifetime low-income earners (i.e. those with earnings below the first “bend point” for calculating SS benefits).
This analysis overlooks the fact that in a majority of cases the school district remits the negotiated employee contribution to the pension system under the rubric of a pick-up plan. It’s difficult to do “perfect” equity but social security benefits are premised on the employee contributing to his/her own pension. For most public pensions, employees contributes little or nothing toward what they will ultimately harvest. When one adds COLA and unreduced early (pre-65) benefits to the mix, there is no justification for another dip into the public’s pocket. Public employees knew or should have known about this throughout their careers… Read more »
This is great news for all of the public sector employees that have been getting cheated. Now they will finally be eligible for the same government welfare as everyone else. No longer just for the people that didn’t plan for their retirement.