They have as much chance of success as sticking your elbow in your ear!
nixit
4 years ago
Will Tier 2 members be willing to contribute an extra 2% of their salary towards pensions in exchange for being able to retire two years earlier? Many are already 5-10 years in, so an extra 2% for the remainder of their service might be worth it. We’ll see. The third tier of benefits has higher employee contributions of 11% vs. 9% for Tier 1 and 2. However, members of the third tier are able to retire two years earlier with either full benefits (age 65) or reduced benefits (age 60). Members of Tier 2, who were hired between January 1,… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
They have as much chance of success as sticking your elbow in your ear!
Will Tier 2 members be willing to contribute an extra 2% of their salary towards pensions in exchange for being able to retire two years earlier? Many are already 5-10 years in, so an extra 2% for the remainder of their service might be worth it. We’ll see. The third tier of benefits has higher employee contributions of 11% vs. 9% for Tier 1 and 2. However, members of the third tier are able to retire two years earlier with either full benefits (age 65) or reduced benefits (age 60). Members of Tier 2, who were hired between January 1,… Read more »