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May 21, 2015

It's relieving to know that, as a matter of Illinois state constitutional law, words in the English language actually have the meanings identified in the dictionary. Which is really what the Illinois Supreme Court ruled when it held that the "pension reform" legislation of 2013 was unconstitutional.

That law attempted to reduce the significant -- as in currently north of $100 billion significant -- unfunded liability in the five state pension systems, by cutting benefits of current workers and retirees. That's verboten, because Article XIII, Section 5, of the Illinois Constitution specifically provides that public pension benefits in Illinois "shall not be diminished or impaired."

So does this decision mean Illinois will have to raise taxes? 

Source: Daily Herald