Illinois may have only one opportunity to get pension reform right, and this proposal is not it. More than likely, this proposal will set back the true fundamental pension reform that is required to protect taxpayers from further tax hikes, give public employees more job flexibility, and put Illinois on a sustainable fiscal path.
Tagged: pension reform
In recent weeks, Illinois legislators have considered several major pension reform proposals. Several pieces of legislation were considered by legislators that attempted to take some positive steps towards controlling costs[…]
While half dozen states are considering proposals to do away income or corporate taxes Minnesota’s tax and spend Governor Mark Dayton is proposing to increase taxes significantly. No one is[…]
The pension system in Illinois is broke, both literally and structurally. According to Bloomberg, while the national median funding ratio for state pension systems is around 71.7 percent (for the[…]