Five reasons why Madigan’s pension fix is a step backward

There’s immense pressure on Illinois legislators to pass a pension bill. With the state pension system nearing insolvency and credit agencies warning of further downgrades, the perceived wisdom is that any pension fix, no matter how small, is a “step forward” that must be passed. But when it comes to pension reform in Illinois, that...

TAGS: COLA: cost of living adjustment, Jim Edgar, Pat Quinn, pensions, retirement age