Posts tagged "public employee pensions"

Bankrupt Detroit pensioners agree to cuts; is Chicago next?

Reports the Detroit News in a story that didn’t get much attention here in Chicago: Detroit— A committee representing retirees in Detroit’s bankruptcy said Friday it has reached “an agreement in principle” to support the city’s debt-cutting reorganization plan — a breakthrough that could speed the Motor City’s exit from bankruptcy court. Under the deal,... Read more »

Update and clarification: Replace all Illinois public employees with contract workers

Firing state employes could solve Illinois’ pension problems. As Illinois daily sinks ever deeper into the financial cesspool, 35 states are considering cutting taxes, according to the National Conference of State Legislatures. Indiana cut its personal income tax 5 percent over two years and, with a variety of others cuts, will save taxpayers about $600... Read more »

'Cowardice' is why Michael Madigan might stymie Illinois pension reform

That’s according to a business group that is lobbying “with sharp elbows” to reform the lavish Illinois public employee pensions. The Chicago News Cooperative puts it all into perspective as D-Day for pension reforms arrives on Thursday. It’s worth a read here.
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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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