Speaker Madigan introduces HB 1166 to amend the Pension Code along with 2 amendments A-H.B. 115 and A-HB 1165.
Watch live starting at noon at http://www.ilga.gov/house/audvid.asp or http://new.livestream.com/blueroomstream.
Small Business Owner, Education Watchdog, FOIA expert, Founder of For Our Children's Future
Is it not time to reform this massive Public Sector Pension fraud? Reforming here means providing a maximum payout of $50K annually to those over 35 years more than the $44K they actually deserve based on any conservative investment plan and addressing the various corrupt practices seen in any Public Sector Labor Agreement plus allowing the COLAs to be pegged to the Social Security annual increases. For all other members and new employees they are switched into the standard Social Security, Medicare and a self-directed 401K Plan with a maximum 3% match. It is time to clean up this fraud not attempt to continue it by making small adjustments to what is an extraordinary robbery of the taxpayers. Clearly this level of corruption cannot be addressed by those who are principle beneficiaries of this corruption.
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