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Moody’s has downgraded the credit ratings of 9 IL universities. Friday’s downgrades affect the University of Illinois, Eastern Illinois University, Governors State University, Illinois State University, Northeastern Illinois University, Southern Illinois University and Western Illinois University….
Read MoreI have been doing this too long. Writing about Pension Scams I mean. Nothing surprises me anymore as political corruption envelopes everything that happens in Illinois. Jesse Jackson’s fate is just the latest example….
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From the NCPA: In late June the ratings agency Moody’s issued a report recalculating states’ pension debts using more conservative metrics than the states themselves apply, says Steven Malanga, an editor for Real Clear…
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From Steven Malanga — and note the second paragraph. Illinois’ situation when it comes to pensions is far worse. The city of Detroit has been in economic decline for decades. For much of that…
Read MoreEvery Illinois state politician needs to take a look at pension costs relative to other state especially those adjoining Illinois. That is because the adjoining states are where many businesses and wealthy people are…
Read MoreIt’s called good planning. Legalized corruption. Hmmm…let’s see: if the legislators and the judges are being bought off, where exactly will the solution come from? Ted Dabrowski of the Illinois Policy Institute doesn’t use…
Read MoreBy Jack Roeser and Bill Zettler As we listen to the endless cries of “We need pension reform” emanating from Springfield it is easy to assume that the proposals being bandied about will actually…
Read MoreFamily Taxpayers Foundation Director of Research Bill Zettler was interviewed on Fox news Wednesday June 19th about pensions by investigative reporter Dane Placko and later on appeared during the Fox Good Day Chicago newscast….
Read MoreWell it was bound to happen sooner or later. We now have a public employee hauling in $512,964 per year from two IL pension funds, SURS (State University Retirement System) and Cook County Pension…
Read MoreFrom Ted Dabrowski at the Illinois Policy Institute: The blame for Illinois’ pension crisis is often laid at the feet of state politicians who supposedly “skipped” payments and caused the state’s five pension systems…
Read MoreWho can blame them? I’m thinking about moving out of Illinois too. I mean it is obvious that the politicians in IL are not going to solve the real long-term pension problem which is…
Read MoreOne item adding to the huge pension unfunded liability is automatic 6% salary increases for teachers four straight years prior to retirement. This 26% (compounded) increase goes to any teacher retiring with 30 years-service…
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From the Illinois Policy Institute: Illinois Speaker Michael Madigan’s pension proposal (House Amendment #1 to Senate Bill 1) perpetuates Illinois’ crisis. The plan locks in the unmanageable defined benefit plan, guarantees the crowd out…
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Endorsed by Jack Roeser, Family Taxpayers Foundation Illinois is all-abuzz about the most recent “so-called” Pension reform coming from the King of Springfield, Michael Madigan. Basically Madigan is addressing an issue that probably doesn’t…
Read MoreI am continuously amazed at how Illinois politicians of both parties studiously avoid talking about public salaries especially teachers and university employees. By avoiding the subject of salaries they avoid one of the largest…
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