By Robert Lyons, retired teacher and former annuitant representative on the board of the Illinois Teacher Retirement System (TRS). When is a solution not a solution? When it does not solve the problem. In 1994 the five state pensions plans (TRS, SERS, SURS, JRS, GARS) had a total unfunded liability of $15 billion. That was […]Read More The Fifty-Year Plan: A mid-term report. June, 2018.
Fred, We can agree on the cause of the delayed payments to the Teacher Health Insurance Security Fund and many other deserving funds around the state: Governor Rauner’s manufactured budget crisis. The most prominent voice exposing Governor Rauner’s attacks on worthy institutions around the state belongs to Comptroller Susana Mendoza. The state of Illinois continues to deal with a […]Read More Illinois State Comptroller Susana Mendoza’s office responds to my concerns about retired teacher health payments.
Here in Illinois we have been fighting the battle to protect promised public employee pensions for many years. In 2015 we won a major victory when the state Supreme Court upheld the pension protection language in the state Constitution. Those of us who organized, blogged and went to Springfield often found us deserted by our […]Read More Kentucky teacher pensions. Can you hear us yet?
As a result of a pension deal between a number of unions representing park district workers. the Illinois Democratic Part legislative leadership and the Chicago Park District, members would pay an additional 3 percent of members’ pay and receive lesser benefits. Writing about it in 2013, Greg Hinz in Crain’s: In exchange, workers who […]Read More Judge rules against Chicago park district pension theft.
Perhaps it is crazy to talk this way in an era in which both political parties stand for austerity. I believe that what public employees receive as retirement security after a life-time of work is what all seniors should have. It is the 6th year of my retirement from teaching. I am still spending a […]Read More What I have as a pension is what I wish for all retirees.
Paris Schutz reports for public television’s Chicago Tonight on WTTW. When reporting on public teacher pensions you can count on Chicago Tonight using Illinois Policy Institute talking points, having IPI guests on their panels and Paris Schutz reprinting IPI press releases and then putting his name in the byline. What a lazy reporter. “Retired Illinois […]Read More Retired teachers are killing your puppies! And eating them!
Chicago veteran media reporter Robert Feder has the goods on Chicago Fox 32 General Manager Dennis Welsh. Welsh went on the air the other day with an editorial that featured ordinary folks complaining about public pensions and the need to raise revenue to pay them. Except the ordinary folks were all Fox employees. Who are […]Read More Chicago Fox news. Pension facts as phony as the actors who pretend to be the just folks on the street.
Tune in to this week’s Hitting Left with the Klonsky Brothers. Our guests will be Jay Rehak, a teacher at Whitney Young High School and president of the board of trustees of the Chicago Teachers Pension Fund. Joining Jay and my brother will be John Dillon and Glen Brown, both pension bloggers and what some […]Read More Pensions. It is true that I get impatient, but 70 years is a long time to wait for a problem to get fixed.
Memphis, 2017. Photo credit: Fred Klonsky April, 2018 will mark the 50th anniversary of the assassination of Dr. Martin Luther King in Memphis, Tennessee. This past March, Anne and I drove to Memphis to pay honor to the man and to remind ourselves of the struggle of Memphis sanitation workers. It was that struggle that […]Read More A pension story like no other. Like every other. The Memphis sanitation workers + 49 years.
Frank Gallagher is the perfect metaphor for state governments and Wall Street when it comes to retirement pensions. If you’re not a regular viewer of the television show Shameless you are missing a great portrayal of one of the most amoral human beings in the history of entertainment. That would be Frank Gallagher, played by the wonderful […]Read More Frank Gallagher is after your retirement savings.