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May 11, 2015

It took legislators years of talking about Illinois' pension problem before they did much about it. There was a 2011 law that affects state employees, university professors, and public school teachers hired after that time. Then in 2013 they passed a law that reduced current workers' and retirees' benefits. Nearly immediately, workers and their unions sued, calling the law unconstitutional.  On Friday morning, Illinois' Supreme Court issued an unanimous opinion saying it agreed. But Illinois still has an extra one-hundred-billion-dollar weight atop the state's shoulders, which are already sagging from budget troubles. Which raises the question --- what's next?

Source: WUIS—91.9