Tag Archives: Pensions

There Are No Clean Hands in the Pension Debate

In its May 8th decision, the Supreme Court couldn’t have been plainer as to the priority of pension obligations in the state budget, and placed the greatest portion of the blame for the condition of the pension funds squarely where … Continue reading

Posted in Public Pensions | Tagged , , , | 3 Comments

What Happens If Our Pension Plans Go Broke?

We’re now seeing the real face of Illinois’ pension crisis by the cuts being proposed by Governor Rauner in his 2016 budget. In Fiscal 2016, Illinois will owe $6.8 billion to its 5 pension plans, which will account for roughly … Continue reading

Posted in Public Pensions | Tagged , , , | 6 Comments