Breaking: Illinois Retired Teachers Association goes to court for our pensions.
Crain’s Two groups representing educators today filed suit against the state’s new pension-reform law late today, contending that it violates provisions of the Illinois Constitution. In an action filed in Cook County Circuit Court, the Illinois Retired Teachers Association and the School Administrators Association contend that, by recently voting to reduce cost-of-living hikes and other benefits
Pension Thieves.
State Sen. William Cunningham, D-Chicago, whose district runs from Chicago’s Beverly community to Orland Park, voted for the bill but expressed strong sympathies with government employees. “I want to make it clear that I understand these people did nothing wrong,” Cunningham said. “They did everything right. They made their payments into the pension system, but the state did not, or made partia
Mayoral Tutorial. Our pensions situation is not a crisis.
Me, Don Washington and Chicago Newsroom’s Ken Davis. From my friend Don Washington, The Mayoral Tutorial: Our pension situation is not a crisis in the sense that pensions will suddenly run out of money or not be able to pay benefits. – Don Washington – Paul Krugman – Dean Baker – Richard Wolff – Joseph Stiglitz Good people as the year ends and various bankers, conservatives, libertarians and Si
12-26-13 Fred Klonsky | Daily posts from a retired public school teacher who is just looking at the data
Fred Klonsky | Daily posts from a retired public school teacher who is just looking at the data.: We need a fair income tax in Illinois. Ken Griffin, hedge fund manager and head of Citadel LLC, is Illinois’ richest person and is worth $4.4 billion. He pays the same state income tax rate as an associate at Walmart. Want to know why Illinois is broke? Maybe that’s why Representative Elaine Nekritz,