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Wednesday, February 9, 2011

Boss Madigan eyeing public employee pensions. A disaster. « Fred Klonsky's blog

Boss Madigan eyeing public employee pensions. A disaster. « Fred Klonsky's blog

Boss Madigan eyeing public employee pensions. A disaster.

FEBRUARY 9, 2011
tags: ,
by Fred Klonsky

Do I really need to go into why there is a problem with Illinois public employee pensions again?

Is it something the employees did? Is the average teacher pension of roughly $40,000 a year too greedy? Do teachers also get to draw on their social security and their pension like those in the private sector? Did we fail to meet our payment obligations as TRS members?

No, no, no and no.

Did the state’s leaders fail to meet their obligations over the past decades ending up with