“Fire 1 of 2 city employees.”
That wouldn’t work, either. The problem is Section 23 of the Illinois State Constitution. These pensions can not be touched, legally speaking.
L
Can the pensions be touched by math?
The fired workers would no longer accrue benefits. The saved salary could be used to pay retiree pensions.
Immediately stop sports and band,debate, etc...blame it on the teachers if they don’t renegotiate. l8tr
It’s going to be easier to change the state constitution than to pay off all the bills. Cullerton and Madigan better get cracking.
Not without changing the State Constitution, which the Democrats and Public Unions changed to both their benefit decades ago!
Democrats bought and paid for the Public Unions votes and the Public Unions got an all you can eat buffet comprised of taxpayer dollars for years to come!
No way the Democrats will EVER let the State Constitution be changed, it'll erode their stranglehold over this state!
Methinks the IL constitution says that pensions can’t be ‘diminished or impaired.’ So instead ‘tax’ them. Extremely rare for politicians, especially good lib ones like those running Chicago and its pet state for years to say they can’t tax anything they can think of taxing. I’m not aware the IL constitution includes any such language. So let them get their pension benefits then tax most of them right back. If they can tax something as specific as non-diet sodas, why not tax pensions from state or local government in IL? Make it nice and progressive so the small pension folks don’t take as big a hit, but the big pensioners earning far more than they’d ever ‘need’ and who have also been earning big salaries all along (so far as I can tell the main reason IL pensions were ‘underfunded’ was that their funding kept being diverted to current pay .hikes.) Just make their total compensation retrospectively honest.