Part two of Glen Brown’s message to Representative Elaine Nekritz and the 20 other sponsors of HB6258. A contract is a contact.
By Glen Brown
Illinois Pension Reform Is Without Legal and Moral Justification
By legal definition, a contract is “an agreement creating obligations enforceable by law… The law provides remedies if a promise is breached or recognizes the performance of a promise as a duty. Contracts arise when a duty does or may come into existence because of a promise made by one of the parties. To be legally binding as a contract, a promise must be exchanged for adequate consideration. Adequate consideration is a benefit or detriment that a party receives which reasonably and fairly induces them to make the promise/contract” (Legal Information Institute at Cornell University Law School). Accordingly, the State of Illinois has a long list of antedated court rulings upholding the rights and benefits (contracts) of its public employees.
To possess a right to a promised deferred compensation, such as a pension, is to assert a
Logan Square needs a military school? Says who?
Logan Square on the northwest side of Chicago has been our home since 1975.
We raised our kids here.
We bought a home here.
We have known many of our neighbors for decades, watching their kids grow up, leave home and have kids of their own.
The ten minute drawing. Ella Baker. Born: December 12, 1903. Died: December 13, 1986.
Click on drawing to enlarge.