THE SUN-TIMES EDITORIAL BOARD LIES. THERE IS NO TEACHER PENSION ‘SPIKING.” NONE OF THESE FACTS WILL MATTER.
The unfunded liability nothing to do with pension benefits. It is entirely due to the state’s failure to pay into the pension funds over decades what they owe.
It was just a few days ago that I posted how Crain’s Greg Hinz and the Chicago Federation’s Larry Msall lied about the cap on teacher’s pensionable raises and a pension spike.
But no sooner had I hit the publish button than the Chicago Sun-Times repeats the lie.
I thought the Sun-Times was the pro-labor paper in town.
I guess we’re on our own folks.
But in the last-minute move on June 1, probably in response to a “Repeal the 3%” campaign by the state teachers’ union, the governor and Legislature bumped the cap back up to 6%. The increase, which was nixed by the House earlier this spring when it was stand-alone legislation, doesn’t affect Chicago, which has its own teacher pension fund.This latest pension sweetener will allow local school districts to raise teacher’s pay by 24%-plus in their final four years — CONTINUE READING: The Sun-Times editorial board lies. There is no teacher pension ‘spiking.” None of these facts will matter. – Fred Klonsky
