May 30, 2011

MARC LEVINE: Unions Will Regret Not Fixing Pensions. “Illinois’ runaway pension system is placing the state’s fiscal health in jeopardy. State contributions to the pension system have already crowded out payments to social service providers. But less focus has been placed on current state workers and teachers, particularly those with retirements more than a decade away. Their outlook is very much at risk, which is why their unions’ opposition to pension reform is contrary to their interests.”