For those of you who haven’t been playing along…you need to pay attention to what is happening with Illinois State pensions. Do not miss WGN’s Mark Suppelsa’s “Pension Games”! He will broadcast his ongoing investigative report Monday, July 30th at 9:30pm CT on WGN.
This half hour special will examine a series of reports done in conjunction with the Chicago Tribune that uncovered how political “gamesmanship” contributed to the current financial crisis in Chicago and Illinois pension funds. Immediately following the special, viewers can switch to CLTV for a live hour long call-in discussion on the topic, starting at 10pm CT.
Watch this to see just what has been going on…not only will it make your head spin, but I am pretty sure it will make you furious. And quite possibly ill!
Union leaders falsifying paperwork becoming millionaires….two lobbyists that worked as substitute teachers for one day in order to set themselves up for a six figure pension.
From the WGN website –“We began the investigation based on a single tip, uncertain of the size and scope of the problem,” commented Suppelsa. “Compiling the entire investigation into one show creates a powerful case for newer and stronger reforms.” To catch up fast, read this Chicago Tribune Pension Games link.
I admit I haven’t been paying as much attention as I should to what is going on with Illinois State pensions but it just got a little more personal.
First off, in addition to working in the private sector- I did teach for a few years. I am not sure there will be anything left in the Teachers' Retirement System for me.
Second, I now understand that a solution to the problem being discussed is to shift the burden of paying for the pensions to local school districts.
So, as a parent in a local school district that is basically broke, in a state that is cutting school funding, with children who are getting a lesser quality of an education--- I, as a taxpayer will be forced to shoulder the burden of the “scams”, loopholes, and inactions of union leaders, lobbyists and politicians.
AND SO WILL YOU!!
Meanwhile, teachers will continue to be painted as greedy for counting on a pension they contributed to for retirement.
I am glad that Mark Suppelsa and WGN are investigating the pension systems. I wonder if the legislature will step up and solve the problem or continue to act cowardly? What about Illinois leaders like Rahm Emanuel, Pat Quinn, and Michael Madigan- what solutions can they offer? What recourse do we have as taxpayers?
Don’t we deserve better? Come on Illinois- watch Pension Games!
You should know:
• Illinois is facing a debt of about $85 billion in its five pension systems
• While other states are facing the same predicament- Illinois is the worst of the worst
• Each day without pension reform costs the state about $12.5 million
Read more from this article in the News-Gazette.
I look forward to your comments, especially after the show airs. Comment, Tweet, share, or contact me at email@example.com