-—”Teacher’s Union Healthcare. Teacher’s Union Healthcare. Teacher’s Union Healthcare...”
Nice work!
Before the 0bama years the Illinois Municipal Retirement Fund (IMRF), was a poster boy for proper pension management.
Those days are long gone.
The system was pushed over the edge with NON PAYMENT by the state of Illinois.
To compensate for this the ahole legislators gave them more benefits; which they have not bothered to pay for.
The city of Chicago teachers is a separate entity.
Always a sinkhole for cash.
AND THEN... Daley II and his finance team tossed the teachers a bone to close the deal.
One minor problem, the bone was a line item that had a build-in escalator; that number is now in low earth orbit and headed to the moon and beyond.
About the multiemployer BS, see #32 and multiply by a very large number of events.
What set me off investigating and stumbling across that was a state park (in that same wealthy town) that got a brand new reception center, only the finest woods and equipment, even with Herman Miller chairs that had that damn “ American Recovery and Reinvestment Act” in front of it, I got to the point I couldn’t even visualize that sign without having my blood pressure spike.
My poor wife. We would be driving down a highway and see that sign, and it was like finger pushing a button. All she could do was inwardly roll her eyes, being much too considerate and polite to point out my obsessive unhingement.
And now this.