The typical deal that screws working people and benefits the rich in Springfield gets done behind closed doors. Former Illinois Speaker of the House of Representatives Mike Madigan who was indicted on corruption charges and is awaiting trial got the House to pass a bill known as Tier 2 Pension in which he sold out all future teachers and public employees hired after 2011.
Certainly you have. But your focus is blaming the other pensioners who you claim or give the impression to readers are all these people earning whopping 100k pensions. That's not the reality, average pension is less than $30k per year. You present the pro-business anti-retirement for people line. Who are your funders? Being based in Wilmette says a lot!
One of the things I never see done when talking about Tier 2 pensions is an actual dollar to dollar comparison of what a retiree receives under each plan based on the same time in employment. That would go a long way toward explaining what the problem actually is.
Certainly you have. But your focus is blaming the other pensioners who you claim or give the impression to readers are all these people earning whopping 100k pensions. That's not the reality, average pension is less than $30k per year. You present the pro-business anti-retirement for people line. Who are your funders? Being based in Wilmette says a lot!
One of the things I never see done when talking about Tier 2 pensions is an actual dollar to dollar comparison of what a retiree receives under each plan based on the same time in employment. That would go a long way toward explaining what the problem actually is.
At Wirepoints, we've been writing about this for at least 8 years. https://wirepoints.org/new-workers-subsidizing-illinois-rapidly-growing-100000year-pension-club-wp-original/