Comment: Yes, a very big threat. If the unions don’t lose the “fair share” case pending in our Seventh Circuit US appellate court, they will probably lose in the US Supreme Court with a soon-to-be conservative majority.
Using a "market value" discount rate, just to keep Illinois pensions from sinking further into debt, the state would have to contribute "well over twice of what it actually contributed." Chicago and Cook County are toast, too.
By: Mark Glennon*
We've switched over to a new software program, so please excuse us if we are down for a bit and you encounter bugs. If you do see any problems we don't fix, let us know by email linked here. Yes, we will be restoring a comments section.
Cosmetically, it should look pretty much the same as soon as we are finished. However, the new software is more robust and will allow us to add other functionality as we...