Tomorrow, Thursday, the Illinois Supreme Court has scheduled to announce its ruling on the latest attempt at stealing the contractual benefits of public employees.
In November, Chicago argued before the ISC that the law affecting its municipal and laborers’ retirement systems actually benefited workers and retirees by taking steps to avoid insolvency for the funds.
The city pension theft was passed by the Illinois legislature at Rahm’s request.
It would allegedly boost employee and city contributions, but cut retiree benefits.
Under the law, no longer would employees receive post retirement pension increases as contractually promised.
Last year the Illinois Supreme Court ruled on Senate Bill 1, which cut benefits to state employees and teachers.
The court ruled that the Illinois Constitution’s pension protection clause would be violated by any reduction in contractual benefits.
SECTION 5. PENSION AND RETIREMENT RIGHTS Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall be an enforceable contractual relationship, the benefits of which shall not be diminished or impaired.
I do not expect the court will rule differently tomorrow.