Steven Malanga, City Journal‘s senior editor, and a senior fellow at Manhattan Instutite, joins Mike to discuss Illinois pension reform and the concerns it brings.
Check out more at www.manhattan-institute.org
Gov. Pat Quinn updates reporters on pension reform efforts at the State Capitol in Springfield. (Michael Tercha / Chicago Tribune)
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1 Comment to “Illinois pension reform”
January 10, 2013 at 10:10 AM
Hi Mike: Enjoyed your show yesterday as I always do. Two ways that will get the teacher pension back on track at least:
(1) Make sure (SURS) State Universities Retirement System and (TRS) Teachers Retirement System pension funds are completely separated from the grasp of state politicians, as in Missouri. (2) The individual schools, as employers, pay their share of the retirement, not the state. In Missouri, teachers contribute 14.5% and schools contribute 14.5%. To keep property taxes from going "through the roof", pay hikes for teachers are eliminated for several years. The bullet must be bitten. And I'm a teacher. Thanks Mike.