Barring reforms, the Teachers’ Retirement System could eventually run out of money and be unable to pay promised benefits to retirees, all while making it more expensive for teachers to live in Illinois.
Here’s a guess why. The union is protecting the pensions of those already retired along with “their” COLA and health benefits. Plus perhaps protecting a few long seniority teachers who are about to retire. They are at or near the trough and feeding like there’s no tomorrow. And there may not be a tomorrow when the money runs out. The longer these “elders” can persuade those still in the pen that solidarity IS forever, the longer the gone piggies can consume what’s left. These are not stupid piggies. They understand what is coming and they want to acquire as much… Read more »
Heyjude
4 years ago
They don’t want to hear it. The truth about pensions interferes with the fantasy – nothing but clear sailing over that cliff.
Here’s a guess why. The union is protecting the pensions of those already retired along with “their” COLA and health benefits. Plus perhaps protecting a few long seniority teachers who are about to retire. They are at or near the trough and feeding like there’s no tomorrow. And there may not be a tomorrow when the money runs out. The longer these “elders” can persuade those still in the pen that solidarity IS forever, the longer the gone piggies can consume what’s left. These are not stupid piggies. They understand what is coming and they want to acquire as much… Read more »
They don’t want to hear it. The truth about pensions interferes with the fantasy – nothing but clear sailing over that cliff.