Government Employee Pensions/Pay

Republican legislators and the bankrupt state employee pension system

By John Biver

Have you heard from your Republican state legislators about the bankrupt state employee pension system lately? While I haven’t heard anything from my state representative on the issue, I have heard from my state senator. He is Sen. Chris Lauzen, and he serves on the governor’s Pension System Modernization Task Force.

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Opposition is rising to “the great public-sector pension rip-off”

By John Biver

Ya gotta love these public employees and their unions – especially the teacher unions. They use raw political power and loads of campaign cash to elect compliant legislators and school board members who raise no objections to benefit packages that are far more generous than what private sector employees receive.

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Public “pension plans” are actually wealth transfer systems

By John Biver

Did you know that your Social Security benefits aren’t guaranteed? Read Flemming v. Nestor, 363 U.S. 603 (1960). Wikipedia conveniently sums it up:

“[It] is a Supreme Court Case in which the Court upheld the Constitutionality of Section 1104 of the 1935 Social Security Act. In this Section, Congress reserved to itself the power to amend and revise the schedule of benefits.”

Revise means no guarantee. Period.

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Public pension greed, fraud, and confusion

By John Biver

I’ve noted this before: The 1970 Illinois Constitutional guarantee applies only to a fully funded pension system. Just as one General Assembly cannot obligate a future General Assembly, future taxpayers are not obligated to make up the deficit of a pension fund created through the political failures of today.

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The Zettler Number: A source of talking points for Republicans

By John Biver

It should go without saying that Republican state legislative leaders should be on the alert for programs and policies that smack of European-style socialism. Unfortunately it needs to be said, since as far as we can tell, not one Republican state legislator has ever compared the Illinois taxpayer-funded pension system to European socialism.

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