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Time for an end to Illinois public employee pensions?

Aug 05, 2014

Has the pension crisis made Illinois public employee pensions an endangered species, or is this just natural selection at work?

States cannot go bankrupt.  But they can be insolvent and effectively broke.  They can see their debt repeatedly downgraded.  They can be a punchline.  That’s Illinois.

Millionaires and regular folks have contributed to our two gubernatorial candidates, but perhaps the most important contribution came from the Illinois Supreme Court.  A few weeks ago, it ended uncertainty as to changes in Illinois retiree health care benefits. 

Effectively, it said, “No…

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