End Legislative Pensions?
Here's an idea in the Tribune editorial section - where have we heard it before?
- Illinois lawmakers are busy* this summer.
(*Campaigning, golfing, fundraising.)
The House and Senate adjourned in May and won't reconvene until Nov. 19, the start of the fall veto session.
We don't know whether the Illinois Supreme Court by then will have ruled on the pension reform law making its way through the courts. Gov. Pat Quinn in December signed into law pension changes for state workers, teachers outside Chicago, university employees and General Assembly members. The law immediately faced a court challenge from organized labor, putting a projected $145 billion in taxpayer savings on hold.
Regardless of whether the Supreme Court rules this fall, lawmakers can and should take additional steps to curb future pension costs. Remember: While we wait for the courts to rule, the liabilities in all of the pension funds continue to climb precipitously.
So, lawmakers, go first. Pass legislation ending General Assembly pensions going forward for all new members.
So far, everyone is expected to bleed - except the jackasses working a part-time gig for somewhere around 60 days a year for a sweet 85% pension after a mere four years of service.