Mind you, many/most of the state & local employees are on Social Security.
But I'm willing to bet that the state & local systems that have managed to keep their employees off Social Security may be the ones who are also the bad actors re: underfunding their pensions. HMMM.
You've written about Chicago for many years, yet the conditions there have steadily gotten worse. There is no serious effort by the politicians and the employees to correct the system. No other option exists other than bankruptcy. I lived a number of years in Chicago and am so relieved that I left IL years ago.
Federal new hires were put on Social Security in 1984. How the states managed to evade reality for at lease 40 years is beyond knowing.
Mind you, many/most of the state & local employees are on Social Security.
But I'm willing to bet that the state & local systems that have managed to keep their employees off Social Security may be the ones who are also the bad actors re: underfunding their pensions. HMMM.
You've written about Chicago for many years, yet the conditions there have steadily gotten worse. There is no serious effort by the politicians and the employees to correct the system. No other option exists other than bankruptcy. I lived a number of years in Chicago and am so relieved that I left IL years ago.
I left a nasty comment over at Wirepoints -- I "enjoy" watching Chicago and Illinois from far away.
(and, of course, New York... and Connecticut.. ugh... are direct problems I have to deal with, and I have to write about the CT mess soon.)