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qcity05 - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
8 million dollars in over run cost is built into the 89 million. That was discussed at the meeting too. So, really it's 81 million. If it's under, it's under, but it won't go over. I disagree that the new schools won't last as long. Architects are committed to building quality structures, not like Ellington and Monroe which were designed to be temporary, both of which are almost…
Hinkdad - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
By your own logic, would a positive effect on the teachers not have a positive effect on the students? It's all cause and effect and Newton's 3rd law. I could quote and reference many sources which could then be rebutted by your own, I'll leave the Googling up to you, I have better ways to spend my time. Something we all seem to agree on is that there is an issue and the current structure…
CoolEdge - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
Perhaps UKWP is trying to equate military service with "on the teat" teaching jobs. Of course there are many big differences, especially for military that are deployed, which is part of the job. There are indeed many public school teachers that see their unionized, teaching monopoly, "part time" job as a public service that demands the same respect as our military. Not many retire with PTSD, or…
db1998 - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
how do i get a sign for my yard?
qfingers - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
And you're making the opposite mistake....saying that each thing, when added together, becomes a total justification. That's not how you justify expenditures. You have to make the case for EACH item in it's own right. And you do that compared to what it would cost to fix it in place...assuming you do have to fix it...which apparently we don't...because it hasn't been done.…

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Judges left out of Illinois pension reform plan

2 years, 4 months ago By Andrew Thomason, Illinois Statehouse News

The nearly 1,000 retired judges earn an average annual pension of more than $112,000 while the average public employee retiree draws an average pension of about $40,000

 

SPRINGFIELD — Legislation intended to curb the rising cost of public pensions in Illinois would reduce the benefits for recipients, except for the judges.
 
Judges receive the highest average annual pension of any public employee, yet their benefits would remain untouched, according to legislation introduced by Illinois House Speaker Michael Madigan.
 
The nearly 1,000 retired judges earn an average annual pension of more than $112,000. The average public employee retiree draws an average annual pension of about $40,000.
 
At the heart of Madigan's legislation is a stark choice for current employees and retirees.
 
One, choose between smaller cost-of-living increases and remain eligible for retiree health care. Or two, get larger COLAs but be ineligible for retiree health care. The changes are borne from an attempt to slow the ballooning cost of public pensions, which is increasing from $4.2 billion this year, to $5.1 billion next year. How much the state would save won't be known until employees and retirees choose an option.
 
Unions say the choices are unconstitutional, that they reduce benefits for current retirees, no matter what recipients decide. Reducing benefits for current retirees could violate Illinois’ constitutional provision, calling pension benefits an unbreakable contract, unions say.
 
If the current changes to public pensions manage to squeak out of the General Assembly and get Gov. Pat Quinn's OK, the public unions would probably sue the state.
 
Ultimately, the fate of the legislation would be decided by the justices of the Illinois Supreme Court, who, coincidentally, are members of the public pension Judges' Retirement System.
 
“I would call this buying off the judges. It’s a very sad situation, but it’s inevitable,” said Ann Lousin, a professor at the John Marshall Law School in Chicago who helped draft the Illinois Constitution in 1970.
 
Madigan, D-Chicago, said judges were left out of the legislation to avoid a conflict of interest.
 
Madigan danced around questions of whether the omission of judges was a way to get a favorable ruling from the Illinois Supreme Court.
 
Judges were included in 2010 when the Legislature approved increasing the age of retirement for public employees from 62 years old to 67 years old for anyone hired after Jan. 1, 2011. That legislation also capped the maximum salary a pension could be based on at $106,800 for anyone hired after Jan. 1, 2011. 
 
Illinois House Republican Leader Tom Cross, R-Oswego, has his own reasons for criticizing Madigan’s recent pension legislation. But, Cross said, he would have liked to have seen judges’ pensions included this time around too. 
 
In addition to handing out the largest annual pensions, JRS has the second highest discrepancy between what it owes current and future retirees compared to the assets it has on hand, also known as an unfunded liability.
 
A 2011 report on the five systems that make up the state’s public pensions shows that the JRS has an unfunded liability of $1.3 billion, or 71 percent. The worst funded public pension system is the General Assembly Retirement System, which has an unfunded liability of $197 million, or 78 percent, and is included in the pension reform legislation.

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