Breaking News Bar
posted: 5/15/2013 5:00 AM

Pension solution needs careful thought

hello
Success - Article sent! close
 

With respect to your editorial Sunday on Illinois' pension problem, one thing is very clear: There is a huge distrust in this state of our legislators in Springfield. To those who say we should ignore how we got here, I say that is impossible. What difference does it make? It makes a big difference because the people of Illinois should not stand for new pension legislation written behind closed doors and voted on at the last minute. Further, the final bill should be posted for at least 72 hours so retirees, union leaders and taxpayers can study the full impact.

Those who say that the state constitution states that pension benefits "shall not be diminished or impaired" forget that the same guarantee does not apply to health benefits. The health benefit area may be a place for significant cost savings for the state to offset what reductions are not possible in the pension stalemate.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

About Speaker Michael Madigan's statement that a cost shift to local school districts and municipalities is inevitable at some point, one can only hope an independent analysis would first take place as to the impact on local property taxes; at the very least any possible cost shift should be preceded by separate, ironclad property tax cap legislation. And the idea of having a cost shift to local school districts and municipalities without a transfer of negotiation power to these same districts from the state is totally irresponsible and cannot be allowed to happen.

Maybe the best solution is to push for federal legislation allowing individual states to go bankrupt, and then if all interested parties can't come to an agreement let the courts sort it out and hope for the best solution for everyone.

Michael Howard

Palatine

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.