As promised...
Underfunded?
that's Demspeak for looted..
Rahm Emmanuel, who comes from IL, will make sure that our present economic cris, and other crisis, “do not go to waste.”
These pillars of Democrat control of Illinois politics will be bailed out by the FEDS as long as Obama is around.
Why an elected official would /ever/ get a retirement plan, I don’t get. Oh, wait, they gave themselves a retirement plan. How nice of them. Dump the retirement plans, refund any contributions made by public employees (I’m sure the fund can meet that obligation) and dissolve it. Let the people who invested in it go find their own plans to get involved in.
You want a good retirement plan? Make one yourself, or get involved in a company that makes enough money in profit to finance your desires.
There is a virtual certainty that Hussein will take federal money and give it to the states to continue to buy votes/fund government subsidies.
110%
I would have more sympathy, but when I went to my child's "Back to School" night I was appalled at the liberal, pagan, socialist agenda the schools had sunk their fangs into.
Moreover, when Hussein Obama was crowned, two of my children were forced to watch 5 straight hours of coverage of the "Blessed Event."
These "educators" can live on bird feed. It is all they deserve.
Not to worry. The Dims will generously pledge the Federal Government to take over all such state pension obligations. Then they’ll raid our private 401k’s and everyone will end up dependent on the public teat for a few drops to stay alive.