Pensions are contracts. « Fred Klonsky

Pensions are contracts. « Fred Klonsky:

Pensions are contracts.

by Fred Klonsky

Roger Sanders:

Because of the state’s inability to set proper priorities, manage resources, and solve the culture of corruption and collusion, Illinois state government is seeking to push more costs onto local taxpayers. This is with no guarantee that the state will meet its obligations to existing pension liabilities that have amassed due to the legislatures’ and governors’ failures over decades to make the necessary pension payments.