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QUESTION: What Will Illinois Pension Recipients Do When Their Automatic Deposits Quit Coming ?
Many different sources | June 22, 2017

Posted on 06/22/2017 2:11:43 AM PDT by Yosemitest



TOPICS: Business/Economy; Miscellaneous
KEYWORDS: cop; democrats; firefighter; illinois; patrolman; retirementincome; unions
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To: Yosemitest

Mostly all Union members, voting democrat for decades.
These folks propped up the democrat controlled state
of Il for decades.


61 posted on 06/22/2017 5:13:42 AM PDT by tennmountainman ("Prophet Mountainman" Predicter Of All Things RINO...for a small pittanc)
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To: Yosemitest

I’m sure they’ll get some money from the Democrat party.

They have tons of money.

They just spent $30,000,000 to lose a House race in Georgia.


62 posted on 06/22/2017 5:14:20 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: Hostage

In Memphis all a union worker has to do is work 12 yrs, and they have a pension. But now the city council is cutting all the bennies for them to where they are worthless, while raising their own pay, no money to hire the 300 short LEO, yet they cut OT pay, many stay a few years and move on to greener pastures in other cities. They only want to hire blacks/female, well with half their population with criminal records they can’t pass background checks. Add in POOR education from the schools and that is a higher percentage of the ‘pool’ to chose from.

Try finding a job after 60, say hello to Wal-Mart PT work if you can get it.


63 posted on 06/22/2017 5:18:52 AM PDT by GailA (Ret. SCPO wife: suck it up Buttercups it's President Donald Trump! DRAIN THE SWAMP)
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To: RKBA Democrat

> This is just setting the stage for a federal bailout. <

That had better not happen. And Illinois cannot be allowed to go bankrupt. Either would set a terrible precedence, as any state could then go on a wild spending spree with no real consequences.

But there is a real solution here. Illinois must change the clause in its state Constitution the prohibits the reduction of pensions. Reduce all pensions as needed. Those getting, say, $20,000 a year should lose little. Those getting, $120,000 a year should lose a lot.

It’s the only way. A that’s what Trump should tell them.


64 posted on 06/22/2017 5:21:15 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: Yosemitest

In times of financial difficulties, they always cut back on things that hurt the most. They never cut back on their own rich benefits. They don’t stop bringing in “refugees.” They keep the money flowing to themselves and their best buddies.


65 posted on 06/22/2017 5:21:58 AM PDT by I want the USA back (Le Pen: "Islamism is a totalitarian ideology that has declared war on our nation, on civilization.")
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To: Yosemitest

Not a legal option.

OH, and they don’t pay SS. My bride is a teacher, and that is a big concern. We don’t count on the pension, but the risk of having to pay back SS is a worry.

Funny thing is that the state constitution is such they can’t put it into a safer harbor.


66 posted on 06/22/2017 5:23:14 AM PDT by redgolum
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To: Ken H

Illinois seems to want to be Venezuela.

Same same.


67 posted on 06/22/2017 5:28:55 AM PDT by Texas resident (Democrats=Enemy of People of The United States of America)
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To: GailA
Some of those Unions have exceptions written into the law from those penalties , just for them.
Some of those people are beyond the age of the penalties.

And money now is much better than money that might not be there at all later, and those "later dollars" will be of less value due to inflation, IF they're even collectable after a "Bail=IN".

Read this "If You Have Money in a US Bank Account Be Aware !", Monday June 22, 2015 : SO you see, bank depositors are LAST in line to collect their money.
68 posted on 06/22/2017 5:29:22 AM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: Yosemitest

The ILLINOIS GENERAL ASSEMBLY passed the vilest of laws, while they shook their fists at ALMIGHTY GOD. They forgot Who holds the purse strings.

HAGGAI 2:8
‘The silver is Mine and the gold is Mine,’ declares the LORD of hosts.

1 SAMUEL l 2:7
“The LORD makes poor and rich; He brings low, He also exalts.

1 CHRONICLES 29:12
“Both riches and honor come from You, and You rule over all, and in Your hand is power and might; and it lies in Your hand to make great and to strengthen everyone.


69 posted on 06/22/2017 5:30:18 AM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. Psalm 33:12)
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To: Yosemitest

"All we have to do...STOP PICKING YOUR NOSE!

"All we have to do is raise taxes on the rich to 300%! Problem solved!"


70 posted on 06/22/2017 5:31:13 AM PDT by COBOL2Java (RuPaul and Yertle - our illustrious Republican leaders up the Hill - God help us!)
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To: Hardastarboard

They will do it to fund SS.

And most of the retired FReepers will support it.


71 posted on 06/22/2017 5:31:52 AM PDT by redgolum
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To: MrEdd

Sell said, sir...


72 posted on 06/22/2017 5:31:55 AM PDT by exinnj
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To: Yosemitest
From the Chicago Tribune....

 photo ct-met-kass-illinois-failed-state-map-20170620_zpsjtrsgaqn.png
73 posted on 06/22/2017 5:33:14 AM PDT by Kozak (DIVERSITY+PROXIMITY=CONFLICT)
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To: Kozak
So that throws the debt onto 5 other state,
so those other states will have to "Bail-In" from their residents, to fund the DemocRATS boon-doggle.
74 posted on 06/22/2017 5:36:50 AM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: Yosemitest
I'll bet Welfare bums get "their" money before pensioners. Look out when the free money stops flowing for the savages!
75 posted on 06/22/2017 5:42:14 AM PDT by 4yearlurker (Government can make you feel so small and mean.-John Steinbeck)
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To: 4yearlurker
It gotta' go to the ILLEGAL ALIEN IN CHIEF's IMPORTED MUSLIMS FIRST,
so they'll vote for DemocRATS,
76 posted on 06/22/2017 5:44:40 AM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: MrEdd

The Feds can print the cash they need and inflate the currency.

Illinois can only manage a weak imitation by issuing bonds.

Of course their bond rating is tanking big time...


77 posted on 06/22/2017 5:56:09 AM PDT by cgbg (Hidden behind the social justice warrior mask is corruption and sexual deviance.)
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To: Yosemitest

It depends. All of us know government “workers” who are unproductive and who max their pension through manipulation of their last years’ hours or by going on questionable “disability” (making their checks tax free). Just because someone is a policeman or a firefighter doesn’t necessarily mean that they are not of questionable character.


78 posted on 06/22/2017 5:57:32 AM PDT by hal ogen (First Amendment or Reeducation camp?)
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To: Yosemitest

States and govt should do away with pensions. Instead have a system that contributes designated amounts to each employee yearly like a 401- k employers contribution that invests in the employee retirement plan. The contributions are paid in from allocations from the yearly fiscal budgets that are balanced. Therefore the taxpayers aren’t held liable paying for exorbitant retiree pensions and the employees retirement funds are not subject to future government fiscal issues.


79 posted on 06/22/2017 6:00:27 AM PDT by tflabo
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To: Yosemitest

I have a friend who worked for the city government in her town in Illinois. Her pension was paid for and she also paid into SS. She receives two checks each month. She lives off her government pension and her SS is her ‘walking around money’. When I was growing up, the government jobs paid less but gave more benefits. Now they pay exponentially more (at taxpayers expense) and give even better benefits. Thanks to Democrats, the number of jobs in Government jobs has exploded......much to the aggravation of taxpayers. Mr Trump, please get the Government under control and trim all those ‘make work’ Government jobs created by Dems to employ their own!


80 posted on 06/22/2017 6:01:22 AM PDT by originalbuckeye ("In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell)
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