By: Diane Benjamin
The Democrat Party of Illinois isn’t going to reform pensions with a Constitutional Amendment. Next year they do have a Constitutional Amendment on the ballot to hand unions even more power. https://www.illinoispolicy.org/press-releases/what-is-amendment-1-an-illinois-constitutional-amendment-on-the-ballot-next-november/
If local elected officials across the State demanded a Constitutional Amendment to reform pensions, they would prove they care about your budget, property taxes, people leaving the State, and EQUITY.
Anybody with a brain knows the current pension system is bankrupting Illinois citizens. The private sector threw out defined benefits years ago because they are unsustainable. Citizens shouldn’t be forced to fund the retirements of government employees in their 50’s at 80% of their final salary with benefits that increase 3% every year. It got worse when life expectancy tables were updated requiring even more funding since retirees are living longer than ever.
Kevin McCarthy doesn’t have a problem with how pensions are structured in Illinois. He has a problem with the State requiring 90% funding by 2040. He knows municipalities all over the State are struggling with funding. (Duh Kevin)
What’s Kevin’s plan to fix pension funding? He wants you to contact your legislators and get them to fix the funding date! He of course voted for the higher tax levy, they need more money for pensions!
Enjoy this clip, tomorrow there will be more.