Most millennials don’t trust Social Security, according to a spring 2014 survey from Reason-Rupe: The report found that: “Fifty-three percent of millennials say Social Security is ‘unlikely’ to exist when they are 67 years old, while 45 percent say it probably will remain. But if it does exist at that time, even fewer millennials believe...
The problem Opponents of pension reform at the state and local level often argue that the average government-worker pension is modest. In a May 2011 commentary, government union chiefs Ken Swanson and Henry Bayer wrote that “at the end of a working life devoted to public service, an Illinois teacher, firefighter or librarian retires with...
Chicago politicians have exploited city-worker pensions for nearly two decades. They’ve used the city’s pension systems as slush funds and pension benefits as bargaining chips to further their own agenda, with seemingly no regard for Chicago’s fiscal health. Now those pension systems are nearly insolvent and the city is heading toward bankruptcy. Chicago is facing...
Illinois’ Medicaid program has long been plagued with wasteful spending. The U.S. Government Accountability Office designates Medicaid as a high-risk program, largely because it is “particularly vulnerable to fraud, waste, abuse and improper payments” and has inadequate oversight to prevent wasteful spending. Indeed, the U.S. Department of Health and Human Services, or HHS, reports an improper payment...
Illinois’ pensions are among the worst-funded in the nation. The state has just 40 cents for every $1 that has been promised in benefits, and many government workers are concerned that they do not have choice and control over their own retirement. Illinois should not be forced to leave their retirement to the whims of...
The Illinois General Assembly sent a pension bill to Gov. Pat Quinn. It is important to be clear about what this bill is and is not. Let’s start with what this bill is not. This bill is not the sweeping reform that Illinois has been waiting – fighting – for over the past few years....
It wouldn’t be entirely fair to say that government unions exist solely to make government less effective and more expensive, but sometimes that’s just exactly what they do. One blatant example came a few weeks ago, when American Federation of State, County, and Municipal Employees Council 31 pushed the state into abandoning its contract with...