Yo...do we have an Illinois death watch thread?

[the cac mamba]

How Illinois became America's most messed-up state

After decades of historic mismanagement, Illinois is now grappling with $15 billion of unpaid bills and an unthinkable quarter-trillion dollars owed to public employees when they retire.

 

[How Sway?]

@beaniemac

 

[Pressure]

There's a thread about this from a while back. I don't remember the title though.

 

[cheek100]

 

[num123]

That sucks, I am in Illinois for work and i hope this does not hit my co-workers too hard.

 

[radio rahiem]

How Illinois became America's most messed-up state

After decades of historic mismanagement, Illinois is now grappling with $15 billion of unpaid bills and an unthinkable quarter-trillion dollars owed to public employees when they retire.

Those numbers make the MTA look competent.

 

[beenz]

@beaniemac

I'm outta here on Tuesday for Texas. this state, and the politicians, and the taxes and all the corruption.

I just had a job interview with the university of illinois this past tuesday, and I was very skeptical that I'd consider taking the job if they offered it simply because of how bad the fiscal situation is. I'd fukk around and not be getting paid on time because of all these budget issues.

 

[blotter]

was reading a guy explain his Uncle's set up who put in 30 years for cook county water. gets like 140k/year for life and i think insurance too. flies all over the country and golfs. moved to across the state line because taxes were too high in Illinois

 

[the cac mamba]

was reading a guy explain his Uncle's set up who put in 30 years for cook county water. gets like 140k/year for life and i think insurance too. flies all over the country and golfs. moved to across the state line because taxes were too high in Illinois

see, this is that bullshyt

im not ok with 6 figure pensions. no fukkin state can afford to give (some) of its employees 6 figure pensions until they die for not working. it should be a SUPPLEMENT to your retirement that's capped off at like 50 grand

these employees who were promised these pensions need to have their contracts honored. what they need to do is cut this shyt out for everyone they hire going forward change how they're compensated, because this system is dead

 

[levitate]

Provide your employees with pensions, brehs.

Never understood that....

"Here, we're gonna pay you for life after you retire working from us."

This only does two things. 1.)Encourage bad saving/investing habits while the employee is still employed. "Why save/invest when the company is gonna pay after I retire?" And 2.) Set the company up for bankruptcy.

Baby boom generation fukking everything up again...

 

[beenz]

Provide your employees with pensions, brehs.

Never understood that....

"Here, we're gonna pay you for life after you retire working from us."

This only does two things. 1.)Encourage bad saving/investing habits while the employee is still employed. "Why save/invest when the company is gonna pay after I retire?" And 2.) Set the company up for bankruptcy.

Baby boom generation fukking everything up again...

the fundamentals of the pension could work. I believe those folks don't get social security tho.

 

[the cac mamba]

the fundamentals of the pension could work. I believe those folks don't get social security tho.

im not against pensions if the system works. although like i said, dudes are gonna have to make a case for me why someone deserves to get paid more than 50 grand a year for being retired

and if the system doesn work at all.. fukk them. i really dont see how there's any defending this

 

[hashmander]

was reading a guy explain his Uncle's set up who put in 30 years for cook county water. gets like 140k/year for life and i think insurance too. flies all over the country and golfs. moved to across the state line because taxes were too high in Illinois

damn don't even want to pay the taxes that make their pensions possible. the gall of this fukker.