By Paul Kersey
12/18/2012
It is a basic axiom of government collective bargaining: If you have to bargain with a union about anything, you are liable to have to bargain with them about everything, and that includes things that you aren’t supposed to bargain about at all. This why collective bargaining with government employees is such a problem: Even...
Concern over underfunding of both public and corporate pension plans has Republican presidential candidate Mitt Romney, his party and other conservatives making a pre-emptive strike against the idea of federal government bailouts.
The Institute's senior director of government affairs, Collin Hitt, was quoted in an Illinois Statehouse News article about a former University of Illinois President receiving a golden parachute funded by the students and taxpayers.
Download a pdf of this report and chart here. If Illinois continues on its current path, the amount of money that state government spends on the State Universities Retirement System, or SURS, will eclipse the amount of general funds given to public universities and community colleges. The graphic below demonstrates how the rising costs of...
by Kristina Rasmussen From Crain’s: Illinois Teachers’ Retirement System, Springfield, plans to sell $3 billion in investments, or about 10% of its $33.1 billion in assets, in the current fiscal year to pay pension benefits, according to Dave Urbanek, public information officer. The system is the fifth Illinois statewide defined benefit plan to sell off investments this...
