Wednesday, Jan 28, 2015
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Quinn: No pension ‘Plan B’ before court ruling

State employee unions want expedited ruling in pensions suit

Moody’s says Illinois Supreme Court ruling is ‘credit negative’ for state

Candidates need to address pensions

Does Illinois Supreme Court decision doom pension reform?

Recent Comments

qfingers - Hearing Aid Volume Control: There’s an app for that - Quincy, IL News - QuincyJournal.com
How can you expect Medicare to cover something as needless as hearing aids...better the money be spent on gender reassignment...and birth control pills. http://www.nbcnews.com/news/us-news/sex-reassignm...
CoolEdge - Council tables insurance vote - Quincy, IL News - QuincyJournal.com
my reply was specifically about convoy saying the mayor shouldn't vote, lest it expose him in the next election. Is there something wrong with him voting for an agenda he is favoring, or pushing? I don't know about all the other "regular order" type stuff, or what powers the mayor has exactly, on pre-planning some agenda he may have. I'd think the mayor does more than make suggestions…
CoolEdge - Strawman: #Hashtag You\'re It... - Quincy, IL News - QuincyJournal.com
Thankfully that video has a transcript, so I didn't have to watch five minutes of Michelle straining to portray how much she cares. They use tragedies for political points, like the true Alynskyite subversives they have always been. "Never let a crisis go to waste". Obama supported the Muslim Brotherhood president in Egypt, they have closer ties to al Qaeda than us, but Obama supported Morsi.…
pimpdaddystyle - Lovelace back in court Monday - Quincy, IL News - QuincyJournal.com
Maybe put him on ankle monitor bond, or something. 500,000, 50 grand to apply. Bad deal all around, feel for all involved in this case. Maybe DOT foods would pony up the $
pimpdaddystyle - Masterson fit to stand trial - Quincy, IL News - QuincyJournal.com
I know, I know, you are 100% right. A person would have to be seriously impaired to be deemed unfit for trial, very rare situation.

Most Popular

Quincy School Board selects architects for new school buildings

Police shooting, pursuit in Downtown Hannibal

Lovelace trial delayed until summer

Illinois education board wants $730M more pre-K-12 funding

Illinois state senator revamping school funding overhaul

Rauner previews 1st-year priorities: Cut taxes, Medicaid

Benefit performance of Love Letters set for Valentine's Day

Yarbrough, Mahair arrested on meth charges

Finally, IL (almost) agrees with taxpayers about pensions

1 year, 1 month 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

QuincyJournal on Twitter

QuincyJournal 1 hour, 35 minutes ago

Sheffield steps down at QND basketball coach http://t.co/al3R5HJ1nq
Bob Gough on Twitter

Bob Gough 2 hours, 7 minutes ago

Bob Sheffield has just resigned as QND basketball coach. More to come on Quincy Journal.
QuincyJournal on Twitter

QuincyJournal 4 hours, 32 minutes ago

Strawman: #Hashtag You're It... - The Left's moronic attempt to be somebody... http://t.co/QrdS6hOBHB
Bob Gough on Twitter

Bob Gough 7 hours, 30 minutes ago