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

Related Headlines

Illinois Supreme Court to expedite pension case

Candidates need to address pensions

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

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",…
CoolEdge - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
you're right I'm talking more of the other public unions than fire/police ... it may have been partly private unions busing people in to fight Walker in Wisconsin, but it was over the public union issue. That is the "solidarity" thing. Same with electing pro-union politicians at higher levels than mayor. Trumka has access to the White House, and treats non-union (non-communists) as the…
AYHSMB - Police-fire pensions to go up in smoke? - Quincy, IL News - QuincyJournal.com
What the heck are you talking about, yesquy? How does collective bargaining come into play with your rant? You're talking about nepotism among a small group of local bozos. I'm talking about unsustainable costs that do not happen in the private sector. Show me a private sector company on the scale of a local FD of PD with the same benefits and retirement. Also, you must believe it's…

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

Trainsmart with Gary joins the Quincy Family YMCA

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

6 months, 2 weeks ago SJ-R.com

Decision viewed as foreshadowing on case involving larger pension reform

From SJ-R.com:
Last week’s Illinois Supreme Court ruling on retiree health insurance is a credit negative for the state, Moody’s Investors Service said Friday.

The reason, Moody’s said, is the decision could foreshadow how the court will rule on the broader pension reform law the state hopes will save billions of dollars in pension costs over the coming years.

“The majority of justices expressed views that run counter to the rationale used in recent pension reform legislation for certain city and state plans,” Moody’s said. “We therefore perceive increased risk that the Illinois Supreme Court will rule the pension reform legislation unconstitutional which would jeopardize $32.7 billion of pension liability reduction.”

The court ruled last week that state-subsidized health insurance for retirees is a protected pension benefit and that the state cannot impose premiums on retirees who were promised premium-free insurance. Moody’s said the ruling shows the court has “an expansive view” of the state constitution’s pension protection clause, which says pension benefits cannot be diminished or impaired.

The pension reforms approved last year curtail annual raises in pension benefits, increase the retirement age and otherwise change benefits for current and retired workers. Attorneys for the state have argued Illinois’ precarious finances give the governor and legislature latitude to change those benefits despite the constitution.



Click Here to Read Full Article


From the Newsroom

Bob Gough on Twitter

Bob Gough 10 hours, 6 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 12 hours, 17 minutes ago

QuincyJournal on Twitter

QuincyJournal 13 hours, 18 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 17 hours, 38 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