Have you watched Illinois Senator John Cullerton’s rather cavalier speech given to the Chicago City’s Club on March 19th regarding the reduction of the state’s “substantial retirement costs”? Did it also “keep you on the edge of your seat?”
According to Cullerton, “rights are contractual in nature, so pension benefit rights can be changed IF the General Assembly offers public employees [in other words, the IEA/IFT leadership] something of real value, and public employees [the IEA/IFT leadership] accept [the state’s] offer… The proposition is, is [sic] you’re going to get something for giving up your future pension benefit.” Continue reading