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In reply to the discussion: Illinois lawmakers approve major pension overhaul [View all]In KY, the pension is only in trouble because lawmakers failed to meet their obligations for years. Kicking the can down the road and using the funds for their pet projects instead. It looks like that may be the case in IL too - from the article -
I believe this was actually more caused by the fact that we as a state did not make our pension payments as we should have even though the employees worked and their full payments were made, said Holmes, the only member of the special two-chamber special committee that did not sign the legislation that emerged. So I think a lot of this problem stems from the fact that we actually didnt do what we were obligated and should have done.
If double-dipping is a problem as you say it is, then why not fix it instead of just screwing everyone over? That seems to be a totally different issue.
As a public employee, I can't help but notice that 'pension reforms' never seem to reform the generous benefit packages the lawmakers enjoy.
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Every time I hear about double dipping it's some upper echelon director or political ...
Hassin Bin Sober
Dec 2013
#6