Sun-Times editors call for pension COLA cuts. Tell them why that’s wrong.
The editorial board of the Chicago Sun-Times today calls on the Gang of Ten legislative pension committee to recommend cuts in state cost of living adjustments to retirees.
That’s just wrong.
A group of Illinois lawmakers has had all summer to drum up a new plan to cut public employee pension costs.
They’re close, with the outlines of their plan already public. The moment has come to put on the finishing touches — and that should include a last drive to lower the percentage of the state’s annual budget eaten up by pension costs.
There’s no reason this can’t happen this week, which would prod Democratic leaders Michael Madigan and John Cullerton to call a special session by the end of September. A last resort would be to move a pension bill during the fall veto session that begins Oct. 22.
At the bottom of the editorial readers can add comments.
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