Madigan keeps his and takes ours. His pension plan. « Fred Klonsky

25 May

Following up on a Tribune report showing that Democratic Party Chairman and Speaker of the Ilinois House Michael Madigan will collect 137% of his present salary due to COLA increases, Madigan targeted teacher COLA increases at the “engine driving pension costs.”

Today he presented the outline of his pension bill. It will force state employees to choose between reduced COLA payments or health insurance. This, he claims, makes the proposal constitutional.

A court will decide that.

The plan will also shift the state’s pension obligation to the school districts. That proposal would mean no more pay raises for teachers. Ever.

Madigan’s plan is devilishly designed to create multiple layers of pensioners. They already have created two tiers. If this works, we will have a tier of young teachers. A tier of active teachers. A tier of retired teachers.

Soon a tier of Wal-Mart teachers.

And meanwhile Madigan keeps his.

Madigan always keeps his.

via Madigan keeps his and takes ours. His pension plan. « Fred Klonsky.

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