Hope for Illinois Pension Reform

“The U.S. Supreme Court and virtually all state courts have recognized that the police powers of a government to impair contractual obligations for a higher public good, the health, safety and welfare of its citizens and its continued financial survival, cannot be waived, divested, surrendered, or bargained away.”

“Illinois was the last of the four states not permitting public pension reforms. In a series of Illinois Supreme Court decisions in 2014, 2015 and 2016, Illinois stood singularly against any modification of public pension benefits that would diminish or impair benefits of current employees and retirees. == we need to change that! Illinois must reform to remain a functioning state.”

ttps://muninetguide.com/what-illinois-can-learn-from-the-supreme-court-of-rhode-island-and-even-puerto-rico-about-public-pension-reform/

 

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