Below is the comparison done by Reboot Illinois. I have read much on this amendment recently and I stand by my original analysis when this first passed [summary below]. This is nothing more than a ploy by Michael Madigan to ensure union turnout to vote this down. This amendment really does virtually nothing.
There are 2 items in the amendment wording that stand out.
1. What is the definition of “otherwise unusually high increase in salary“? This wording is vague it would make it easy to manipulate nearly all salary increases to be exempt. One of the current methods to increase pension benefits is the artificial inflation (salary spiking) given with 6% raises during the last 4 years before retirement. This end of career salary spiking is already costing over $1 Billion each year in additional benefits.
2. Everyone I have seen so far has focused on the preventing increases portion of the Amendment. What troubles me most is this part in the next to last sentence, “regardless of whether it includes an increase in contributions or a reduction in any other benefit“. This sentence appears to give Madigan and Company and easy way to stop any real pension reform. All they have to do is put and increase in with any reduced pension benefits; thus no real pension reform.
This proposal appears to be just another attempt to play games with the taxpayers of Illinois. It’s intent is to make it appear as though the leaders in Springfield are trying to fix the system when in fact all they are doing is gaming the system to continue the enrichment of their donors and allies at the expense of the taxpayers.