Wednesday, December 04, 2013

Pension AFU

Constitution of the State of Illinois
ARTICLE XIII, SECTION 5 -- PENSION AND RETIREMENT RIGHTS

Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall be an enforceable contractual relationship, the benefits of which shall not be diminished or impaired.

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I'll be interested to see how that reconciles with the apparent 30% reduction in the 20-year value of my pension that just got voted into law in Illinois.

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