Monday, Jan 26, 2015
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Illinois Supreme Court to expedite pension case

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

Judge halts Illinois pension overhaul until ruling

Fifth Pension Lawsuit Filed By U of I Employees

State Supreme Court justices rake in cash tied to pension-law players

Recent Comments

GuyFawkes10 - 85,000 temporary driver\'s licenses issued to immigrants - Quincy, IL News - QuincyJournal.com
Is there any teeth to this new law? Will the license be taken away forever if caught driving with no insurance? Many won't get one because they will have to provide insurance. The way it is now, Juan when pulled over without a license or insurance just doesn't show up for court, then changes name to Jesus.
pjohnf - 85,000 temporary driver\'s licenses issued to immigrants - Quincy, IL News - QuincyJournal.com
Apparently the term "illegal" means nothing to Illinois politicians. "Supporters say the law saves Illinois motorists money and make roads safer." How is that logical, having obtained a drivers license doesn't prove you are a safe driver, it only proves you can pass a test. And how is money saved by giving illegals drivers licenses?
CoolEdge - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
during Iraqi Freedom (2003-2007) the death rate was 413/100,000, compared to 16/100,000 for the police. For Vietnam it was 2231/100,000. ... but they often get worse care than illegals.
CoolEdge - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
All pensions should be funded in a balanced budget. But do you really want to compare a 40 hour week as a Quincy cop with a 24/7 tour of duty in Iraq? The fatality rate is about four times as high for the soldier fighting in Afghanistan (and that includes big city numbers), not to mention the PTSD or other injuries. So your raw number tidbits are a bit deceptive. Farming is almost twice as dangerous…
CoolEdge - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
That's really the heart of it ... how do government officials have authority to negotiate promises (usually/often for political or monetary support in elections), that don't immediately collect the revenue to fund those promises/contracts? Budgets are supposed to balance, children can't be "taxed" (future obligations) without representation. I thought that was the idea of "PayGo",…

Most Popular

Police-fire pensions to go up in smoke?

Quincy School Board selects architects for new school buildings

JWCC giving test for Teacher aides

Rauner signs order aimed at helping veterans, minorities

The Patio restaurant could open as early as February 1

New rules help Illinois collect out-of-state sales taxes

Strawman: Celebrating A Hero... Video

Police shooting, pursuit in Downtown Hannibal

Retired teachers take aim at new pension reform law

1 year ago Chicago Tribune

Illinois Retired Teachers Association files first lawsuit in Cook County

From Chicago Tribune:

The Illinois Retired Teachers Association filed suit Friday challenging the constitutionality of the state’s historic but controversial plan to deal with the nation’s most underfunded public employee pension system.

The lawsuit is the first of what could be many filed on behalf of state workers, university employees, lawmakers and teachers outside Chicago. The legal challenge argues the law, which limits cost-of-living increases, raises retirement ages for many current workers and caps the amount of salaries eligible for retirement benefits, violates the state Constitution.

The lawsuit, filed in Cook County Circuit Court on behalf of eight non-union retirees, teachers and superintendents who are members of the state’s Teacher Retirement System, contended the constitutional “guarantee on which so many relied has been violated.”

“Countless careers, retirements, personal investments and medical treatments have been planned in justifiable reliance not only on the promises that were made in collective bargaining agreements and the Illinois Pension Code, but also on the guarantee of the (state constitution’s) Pension Protection Clause,” the lawsuit said.

But a spokeswoman for Democratic Gov. Pat Quinn, who signed the pension changes into law this month after years of political stalemate, said that just as a lawsuit had been expected, the administration “(expects) this landmark reform will be upheld as constitutional.”

At issue is a provision of the 1970 Illinois Constitution which states that public pensions represent“an enforceable contractual relationship, the benefits of which shall not be diminished or impaired.”

The new law, however, scales back what had been annual 3 percent compounded cost-of-living increases to retirees. Instead, retirees would get 3 percent, non-compounding yearly bumps based on a formula that takes into account their years of service multiplied by $1,000. The $1,000 factor would be increased by the rate of inflation each year.

The measure also requires many current workers to skip up to five annual cost-of-living pension increases when they retire. For current workers, it also would boost the retirement age by up to five years, depending on how old they are.

Click Here to Read Full Article


From the Newsroom

Bob Gough on Twitter

Bob Gough 11 hours, 54 minutes ago

RT @Moira Fitzgerald ن: All @MMFlint 's films combined lifetime profit: $187,264,678 #AmericanSniper since 1/16/15 (including limited release): $247,637,000
nichols120 on Twitter

nichols120 14 hours, 5 minutes ago

QuincyJournal on Twitter

QuincyJournal 15 hours, 6 minutes ago

Lovelace back in court Monday - Appearance should be the last one before the trial begins in late March http://t.co/oL1QwijNIi
Bob Gough on Twitter

Bob Gough 19 hours, 26 minutes ago

RT @City Journal: President Obama takes credit for growth stoked largely by red state policies. http://t.co/yQEqefJgin http://t.co/KX5BrwAG5h