Illinois Teachers' Pension Fund
 

Very simple solution. Pay pensions based on what percentage is funded.

A 50K/yr pension @ 48.2% funded would be paid out at $24,200. Let the teachers file a lawsuit against the company that manages the fund if they feel they are entitled to their full share. Tax payers have always kept up with their payments. Now let whoever handled the money be liable and finally protect the 'average joe'.


http://www.chicagotribune.com/news/e...,3559582.story

Yeah this is top priority.

How are the investigations going for the financial meltdown, you elitist-loving douche?

:zz: That's not what your story says.

No that's how the story is slanted. Notice no mention of unions etc. Fact is property taxes the average joe has paid EVERY YEAR (less he be repoed) for these pension funds were either poorly invested, stolen, a con man made up the contract, they were subject to their investments downfall or a little bit of all.

Nonetheless when the average joe's pention fund, ie his ira or 401K takes a dive for say half, where's his recourse? These pension funds are out-sourced and invested and have gone bad, Now the average joe needs to cover teachers pensions?

Sorry someone messed up and it wasn't Joe. Leave him the f' alone!