No, the Illinois pensions clause wasn't meant to be a suicide pact. But it will be if we don't change it.
Should we base the Social Security Full Retirement Age on changes in longevity? Not so fast . . .
How do you plan for retirement without being able to predict the age at which you'll no longer be able to work?
Did the people of Illinois have any intention of promising guaranteed pension future-accrual benefits when they voted for the 1970 constitution? Not *&^! likely.
The Illinois Supreme Court decision regarding public pensions left no wiggle room for reform. So what's next?