However, toward the end of the Legislative session in 2005, lawmakers approved a plan to skip $2.3 billion in state pension contributions over two years. The "pension holiday" was in effect in fiscal 2006 and 2007. By putting off those pension contributions, lawmakers were able to avoid cuts to state programs and even funded a few new programs.Sen. Jeff Schoenberg, D-Evanston, is chairman of the ICGFA as well as the chief sponsor of Senate Bill 27, which delayed pension payments. However, Schoenberg said the state's problems with unfunded pension liability did not happen overnight.
"This is a 25-year mess for which the bill came due recently as the state and other public and private interests find it increasingly challenging to fully fund pensions," Schoenberg said.
Apparently it is news to Schoenberg that the Democrats have been in charge of the Illinois legislature for most of that time.
How long has he been in the legislature anyway? Maybe it's time for a CHANGE, time for Jeff to find a new challenge.
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