Pension Pensiveness
I mentioned before the state's attempts to modify the pension agreement with its employees. (Note, BTW, that Illinois state employees are not in the Social Security system, so we don't have that backup; Medicare, yes, but not the broader program.)
No less than five lawsuits have been filed asserting that the new law is contrary to multiple provisions of the state constitution. Today, a state judge imposed a restraining order, blocking implementation of the law until the lawsuits have been heard. He also ordered the lawsuits consolidated into one. A status hearing is scheduled for the 24th.
We shall see.
No less than five lawsuits have been filed asserting that the new law is contrary to multiple provisions of the state constitution. Today, a state judge imposed a restraining order, blocking implementation of the law until the lawsuits have been heard. He also ordered the lawsuits consolidated into one. A status hearing is scheduled for the 24th.
We shall see.
