Wednesday, Apr 23, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Interest on Illinois' unpaid bills reached $318M

Recent Comments

yesqcy - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
I'm sorry, I just coventry haven't seen it, and I'm talking about the private sector. Heck fast food joints have given raises, min wage has increased, all my friend at blessing hospital and the medical group have given raises. I'm sorry, I just don't know what circle of people you're running with. And they've all without exception received more than 1%. The wage correction…
pjohnf - Quinn: New controls after Medicaid paid for dead - Quincy, IL News - QuincyJournal.com
Why is it with government bureaucrats that they always say they're going to close the barn door after the horse has left the barn? Millions in fraudulent payouts and now they find out. Only goes to prove once again that government is not the solution but government is truly the problem.
pjohnf - Rauner details some immigration views - Quincy, IL News - QuincyJournal.com
Anti-illegal immigration is not anti-legal immigration and Quinn knows it. It's disappointing that Rauner would side with the illegal immigration/amnesty crowd. It's insane and wrong to reward illegal behavior, illegal immigration, with any pathway to citizenship. Big business wants cheap labor and democrats want a new dependent class of voters and that's why both support immigration…
Righty1 - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
I have a question for you yesqcy. How many payroll checks have you written?
ONCEMORE1 - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Tell that to people (Private Sector, of course) who have taken pay CUTS, shortened hours or loss of benefits just to remain employed. Somehow, I feel your comments come more from attitude and opinion than knowledge and experience.

Most Popular

Woman arrested after police find abandoned child

Adams Co. Divorces for April, 18 2014

Aldermen approve transit and fire contracts Updated Video

Firefighters and Bus Drivers contracts to go to City Council

Traffic stopped on Bayview Bridge after car crash

Fowler man arrested for meth possession

New Quincy trash system estimated to begin in January 2015

REBEL MEDIA: Yes, Peoria mayor DID sic police on Tweeter Video

Finally, IL (almost) agrees with taxpayers about pensions

4 months, 2 weeks ago By Benjamin Yount, Illinois Watchdog

“Illinois pension systems are just too rich to be afforded”

Illinois lawmakers have finally come to accept what most taxpayers in the state have known for years.

“Illinois pension systems are just too rich to be afforded,” Democratic House Speaker Mike Madigan said Tuesday as lawmakers began on a path to pension reform.

Madigan said Illinois cannot guarantee unionized, public employees 3 percent raises for the rest of their lives.

“We all got drawn into a trap, and we all talked about the (cost-of-living adjustment),” Madigan said. “The 3 percent compounded pay increase in retirement is the furthest thing from a COLA, because it has nothing to do with the cost of living.”

Debate continues over whether lawmakers could have — or should have — gone further with pension reform.

But the fact Illinois, a deep blue state, voted to stand up for taxpayers and stand against public employee unions shows how far the state has progressed over the past decade.

In 2005, then Gov. Rod Blagojevich — with union support — skipped Illinois’ pension payment.

That bill has come due, and lawmakers are now listening to taxpayers.

“The public is pushing us to do something. They want something done,” state Rep. Ed Sullivan, R-Mundelein, said. “A lot of people don’t have pensions. Their 401(k)’s have been diminished. And so, they are looking at this pension system as a special deal for a lot of folks.”

Illinois’ public employees decry the reforms, saying school teachers and public workers will now have to scrape to make ends meet in retirement.

State Rep. Jeanne Ives, R-Wheaton, says the unions should learn some basic math.

“The average (teacher) who worked for 30 years had a starting pension of over $72,000,” Ives said. “The average Social Security recipient receives just over $14,000, and they have to work almost a decade longer to receive that benefit.”

Illinois is spending nearly 25 percent of its money on retirement payments. Democrats know this.

“We have a crisis. We have a problem,” said state Rep. Elaine Nekritz, D-Northbrook.

Nekrtiz has said pension reforms are needed to ensure Illinois can pay for schools, roads and public safety. You know, to do the work of a functioning government.

Just a handful of Democrats are sticking by the adopted stance of public employee unions, which paint government workers as victims.

“(Pension reform) is actually no different than a thief coming into your house in the night and stealing your valuables,” state Sen. Linda Holmes, D-Aurora, said. “The difference is, this isn’t a thief coming in the night. This is your elected representative coming to you; looking you straight in the eye and saying, ‘I’m going to take away your future’.”

The next debate at the Illinois statehouse will be over how Democrats, who control state government, spend the $1.8 billion in “savings” from Tuesday’s pension reform vote.

Ives expects the Legislature to come back to pensions, because there’s more work to be done. “This is a step backward,” Ives said. “You’re actually asking the people that retire with $2 million pensions, and contribute about $120,000 of raw contributions, to pay less.”

If Illinois fails to end defined benefit pensions, and taxpayers flee the state, no one will be left to pay for the pension promises anyway, she said.


From the Newsroom

Bob Gough on Twitter

Bob Gough 1 hour, 8 minutes ago

Bob Gough on Twitter

Bob Gough 1 hour, 19 minutes ago

RT @korkedbats: BREAKING: Frank Haith Leaves Tulsa For Binghamton Job - Read the full story here: http://t.co/6ir2MmTTF6 http://t.co/Rpw6GN…
QuincyJournal on Twitter

QuincyJournal 1 hour, 32 minutes ago

IHSA to elminate full contact summer football practice - QND also appears before the IHSA to discuss Success Facto... http://t.co/gZngddXcB9
Bob Gough on Twitter

Bob Gough 2 hours ago

@ChrisDuerr I'd be fine with that.