By Richard Hiller -
Illinois can no longer rely on tax increases, service cuts, prospective benefits reductions and workforce reductions to keep its failing pension systems on life support.
Illinois State Senate President Don Harmon, through the Illinois congressional delegation, recently requested a $10 billion public pension bailout from the federal government. …
Perhaps this cry for help reflects an acknowledgment that the state can no longer rely on tax increases, service cuts, prospective benefits reductions and workforce reductions to keep their failing pension systems on life support. Laying the burden on taxpayers, students, public employees and consumers of public services is untenable.
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