Did the people of Illinois have any intention of promising guaranteed pension future-accrual benefits when they voted for the 1970 constitution? Not *&^! likely.
Forbes post, “What the Illinois Supreme Court Said About Pensions – And Why It Matters”
The Illinois Supreme Court decision regarding public pensions left no wiggle room for reform. So what's next?
Forbes post, “The Public Pension Funding Crisis And The First Law Of Holes”
Have politicians in states with severely-underfunded public pension stopped digging? I say no.
Forbes post, “Public Pension Funding Crisis: Why Should Today’s Workers And Retirees Pay The Price?”
How do we persuade others that pension funding matters, when our parents and grandparents were just fine with pay-as-you-go?
Forbes post, “What Makes Fixing Multiemployer Pension Plans So Hard: The Discount Rate – Plus, A Compromise Proposal”
How conservatively should pension plans be required to fund their pension promises? There isn't actually an easy answer.
