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State Pension Crisis is About Debt, Not Benefits

By Candi Meriwether

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So according to the Illinois Supreme Court, when the state constitution says pension benefits shall not be diminished, it means pension benefits shall not be diminished.

And somehow this bit of elementary logic comes as a huge shock to the state’s political leadership.

It would seem they’re still in denial, judging from …read more

Source: Chicago Reporter

Category: Employment and Labor, Government and Politics, benefit cuts, Bruce Rauner, budget cuts, Center for Tax and Budget Accountability, constitutional amendment, illinois, John J. Cullerton, Mayor Rahm Emanuel, pension, pension funds, Perspectives: The Powers That Be, Ralph Martire, state budget, State Budget Watch, Supreme Court

    

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