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CPS school closings: teachers union demands added pressure to an already-buckling district
5/24/2013
Daily Links for May 24
5/24/2013
Motorists in Illinois are paying $4.06 per gallon of gas — $0.40 more than the national average.
5/24/2013
Open bargaining essential to avoid government corruption
5/24/2013
Institute on WJPF Radio: Tom Miller and John Tillman discuss pension cost-shift proposal
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Failed “Amazon tax” heads to Illinois Supreme Court
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Institute on WQAD 8: Pension “pick-up” for teachers under fire
5/23/2013
CPS school closings: district spares some schools, but problems still persist
5/23/2013
Daily Links for May 23
5/23/2013
New study finds that Medicaid doesn't improve health outcomes
5/23/2013
What Voters Want - Pension Reform: Charting Illinois's Pension Crisis
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5/11/2011

Download a pdf of this report and chart here.

A January poll asked likely Illinois voters how the state should address its increasing pension payment. Sixty-four percent of respondents said that benefits for current public employees should be reformed to work within the state’s financial constraints.

Earlier this year, lawmakers passed a record 67 percent tax hike. At the time, taxpayers were told the tax increase was needed to protect public services, but the Illinois Comptroller recently revealed that all of the revenue from the tax hike will be needed to pay for public employee pensions. This was not what the people of Illinois wanted.



User Comments
It was in 1995 (I think) that the IL legislature passed and the Gov signed into law the plan to increase funding to the IL pension systems. Like everything they do, they took the easy way out; start off with small payments and have ever increasing payments. It is this law that has been ignored (violated?) almost every year by skipping the required payment to the pension systems. OK, so now we are here. The money was spent elsewhere. It is gone. Is that my fault? Is it yours? Doesn't matter. What do we do? Changing pension calculations from this day forward may well be the least objectionable. Doesn't bode well for those who started under one set of rules and now they will change. But, that's life. They never used to have lights at Wrigley Field, either. I almost hate to agree that this may be what is required.

Posted by Steve on 5/12/2011 4:46:47 PM

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