2020. PENSIONS AND THE MINIMUM WAGE.
It’s the first day of the new decade and I wish you a peaceful year and an end to the reign of Donald Trump.
Convict him or beat him at the polls.
I’m good either way.
Illinois state retired workers will see their state pensions increase by 3% over what it was in 2019. The first check that will reflect that increase will be in February.
No thanks to Illinois legislators in Springfield, led by Democratic Party boss Michael Madigan.
If they hadn’t been stopped by the unanimous decision of the Illinois Supreme Court in 2015, retired public employees would have lost a huge part of their planned for retirement benefit that had been contractually and constitutionally guaranteed.
So, while they have been stopped from cutting current benefits, the debt remains. Seven cents on the dollar goes CONTINUE READING: 2020. Pensions and the minimum wage. – Fred Klonsky
