> Didn’t the Ill annoyed Supreme tyrants rule the state must pay out the full pensions by law? <
Yes, and that was the legally correct ruling, as the Illinois state constitution prohibits the reduction of pensions.
So that part of the constitution will simply have to be changed. Some retired folks have an annual school pension of $20,000. Leave them alone. But other people are pulling in large, obscenely large, amounts. They’ve got to take a haircut.
Now, will the Illinois legislature find the courage to fix their constitution? Of course not.
“So that part of the constitution will simply have to be changed. Some retired folks have an annual school pension of $20,000. Leave them alone. But other people are pulling in large, obscenely large, amounts. They’ve got to take a haircut.”
Unfortunately, that’s not what happened in Detroit. And don’t forget, some of these people don’t participate in Social Security. As usual the little people will certainly get screwed.