- A judge on Friday struck down the state’s landmark pension law that sought to fix Illinois’ $104.6 billion government retirement system debt, declaring the measure unconstitutional and clearing a path for a showdown in the Illinois Supreme Court.
Sangamon County Circuit Court Judge John Belz agreed with public employee unions and retirees who challenged the December 2013 law, maintaining that it “without question” violates the state constitution’s provision that a public worker pension cannot be “diminished or impaired.”
“The state of Illinois made a constitutionally protected promise to its employees concerning their pension benefits,” Belz wrote. “Under established and uncontroverted Illinois law, the state of Illinois cannot break this promise.”
- Illinois Attorney General Lisa Madigan said she will appeal the decision to the state’s high court, where cases go when a state law is declared unconstitutional. She will ask justices to expedite the appeal to get a resolution to the long-festering pension issue, “given the significant impact that a final decision in this case will have on the state’s financial condition.”
The law usually assumes that adults make adult decisions. Unless of course, you're a democrat. Then the all-knowing state tells the banks to front you the money for a mortgage you can't possible ever pay back. Or to take out those student loans that saddle your child with a debt he won't be able to pay back in his lifetime. Or make pension promises that can only be fulfilled by making timely payments, adjusting the multiplier and yes, even raising taxes to keep up with obligations, no matter what it costs you at the polls.