I have been in this fight against pension thievery for a long time. It goes back long before I was a retired teacher myself. As my friend and fellow blogger Glen Brown always says, public employee pensions are a moral and legal obligation of the state. And when the Illinois Supreme Court ruled in favor […]Read More Goodbye Elaine Nekritz. What about Dan Biss?
Leon Black of Apollo Global Management. A couple of years ago Donald Trump was discussing his business practices with George Stephanopoulis. “Excuse me,” he said. “I never went bankrupt. And let me just tell you: If you look at our great businesspeople today”—he mentioned the leveraged-buyout kings and investors Carl Icahn, Henry Kravis, and Leon […]Read More Leon Black, Apollo Global and public pensions.
“You can’t cheat an honest man,” said W.C. Fields. I had to laugh when Illinois’ journalistic cynics and insiders complained that they had been scammed by the anti-union fake think tank, the Illinois Policy Institute. Apparently the IPI, which is nothing more than a paid front for the Bruce Rauner agenda, created a front (Sorry if […]Read More The Illinois Policy Institute’s relationship with media. Scamming the easy marks.
On February 26, 2016, Gov. Bruce Rauner announced the appointment of Tom Cross, former Republican leader of the Illinois House, to head the Illinois Board of Higher Education. According to the Illinois Pension Code, Cross will also serve as chairperson of the State Universities Retirement System (SURS) Board of Trustees. -By Karl-Heinz Gabbey In 2009, […]Read More The pay-to-play Tom Cross.
-Glen Brown posts on his blog Teacher/Poet/Musician. “…In the last 10 years, pension costs have risen to $7.5 billion in 2013 from $1.6 billion in 2003. This year’s pension costs will consume approximately 22 percent of the general funds budget, up from 7 percent 10 years ago. And it is projected to rise rapidly in […]Read More Tom Cross is a liar and a thief.
Yesterday, following the Illinois Supreme Court’s ruling on the City pension case I focused on the contention by the City’s lawyers that an agreement with unions representing employees made the law constitutional In its ruling the Court said the unions “were not acting as authorized agents within the collective bargaining process….Rather, ‘these negotiations were no different […]Read More Can the IEA bargain away my pension benefits? What did the court say?
Ira and Ingabord Rennert live in their home in Sagaponack on Long Island, reported to be the largest occupied single-family residence in the United States. Ira Rennert tried to steal the pensions of his employees. His private sector pension theft is one of those rare cases in which the employees won. Rennert owns stuff eveywhere. He […]Read More Senior moments. This guy’s house was worth more than the pensions he tried to steal.
-By Glen Brown who posts at Teacher/Poet/Musician I have written many times that challenges will lie ahead for current public employees, retirees and their families, and for every citizen of Illinois. These facts will not changed: there are liars and thieves among us who will continue to choose which contracts to honor and which ones […]Read More Pension thieves fall out.
-By John Dillon The Illinois Policy Institute is angry once again with what their editorialist Diana Sroka Rickert considers another unnecessary handout to Chicago teachers: the Pension Pickup. In her December Tribune editorial last week, Rickert urged Chicago’s besieged Mayor Emanuel and CPS CEO Forrest Claypool to end the current practice of providing pension pickups […]Read More You know that 7% pension pick-up that CPS wants to take away? Don’t believe their hype.
Attorney Gino DiVito representing us before the Illinois Supreme Court. Mayor Rahm won’t give up on his pension theft. It doesn’t matter that Cook County Judge Rita Novak ruled it unconstitutional. It doesn’t matter that all seven members of the Illinois Supreme Court, Democrats and Republicans, ruled that any reduction in benefits constitutes an illegal […]Read More Rahm won’t quit on pension deal based on union leadership sell-out.