Posts tagged "pensions"

TOP 10 REASONS WHY PEOPLE FROM ILLINOIS ARE GRUMPY

Madison Bondi gives them to us in Reboot Illinois

The cure for Illinois' financial ills

As long as the candidates are talking about amending the Illinois Constitution, let’s toss out this Article XIII, Section 5: PENSION AND RETIREMENT RIGHTS Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall be an enforceable contractual relationship, the... Read more »

The Illinois legislature's last week of the session: the horrors that await

As usual, the Illinois Legislature cops the 37th Annual American Procrastinators Award by putting everything off until the last week of the legislation session, which ends Friday, May 31. It should be an interesting, if not horrifying, week. On the agenda are everything from reforming Illinois’ dreadful public employee pension funds to gay marriage. Below... Read more »
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A look inside the paranoid mind of CTU president Karen Lewis

Karen Lewis, president of the Chicago Teachers Union, joins the conspiratorial mindset of Occupyisters, going so far as blaming Steve Jobs and Bill Gates for the troubles that teachers’ unions are having. Never does she concede that perhaps partĀ of the problem could be the suffocating, hide-bound institution that she and the CTU have helped create.... Read more »

17 percent of Illinois budget goes to meet pension obligations

While social service agencies reel under Illinois budget cuts and state suppliers, including medical providers for the poor, are getting stiffed by the state to the tune of billions of dollars, the money poured down the rat hole of state pensions continues unabatted. A staggering 17.4 percent of Illinois general fund spending will go into... Read more »

Winnetka fire chief accused of "double dipping"

He used to be Evanston fire chief, a job from which he retired with a rich pension. It’s legal, but should it be? Read the story in the Daily Northwestern
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Why Illinois' pensions are such a mess

“Responsible funding methods do not work this way.” “Illinois’s [pension] disclosures are “somewhat misleading.” “[Illinois'] funding method ‘may not be an appropriate one.’” This is required reading for anyone who wants to understand the nature of Illinois’ pension funding catastrophe. Illinois hasn’t just been stealing from its underfunded pension accounts to pay for the state’s... Read more »

Rahm Emanuel targets Chicago labor costs, pensions

I give Emanuel credit for saying the right things about labor costs and pensions. He would reform the health care system for city employees, consider requiring a bigger contributions from currently working employees and fixing the pension system. Go, Rahm.

Jim Edgar: Bravo for the big tax increase!

( Tribune photo by Antonio Perez / October 23, 2008 ) Former Gov. Jim Edgar and former Comptroller Dawn Clark Netsch hold a press conference at the Thompson Center in Chicago to urge Illinoisans to vote “no” on the Nov. 4 referendum about holding a constitutional convention. How nice that former Gov. Jim Edgar, whose... Read more »
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19,000 Illinois public employees get a loophole to enjoy greater pension benefits

Reported the Rockford Star-Ledger: When it comes to pensions in Illinois, a day can mean all the difference in the world. Thanks to the eight-month span between Gov. Pat Quinn’s approval of a pension reform bill last spring and its implementation, any public worker hired in Illinois as late as Friday has been enrolled in... Read more »
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    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

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