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Category Archives: Public Pensions
Governor Rauner certainly got everyone’s attention last week when he proposed that the employer’s share of pension costs be shifted from the State to local school districts. . The pension shift has been a topic of conversation for some time. … Continue reading
“If something cannot go on forever, it will stop.” – Herbert Stein’s Law In his budget address this week, Governor Rauner made big news by proposing that the employer portion of the normal costs of teacher pensions be shifted from … Continue reading
Pensions are now cutting into essential services. This needs to be fixed, and there are no easy solutions. Continue reading
As Nancy Pelosi famously said during the Obamacare debate: “(W)e have to pass the bill so you can find out what is in it…” That quote must also be applied to the Budget Implementation Bill (BIMP) passed by the Illinois … Continue reading