State’s thievery

Published: Wednesday, Jan. 1, 2014 5:30 a.m. CDT

To the Editor:

I first agree with Kevin P. Craver in it is time to get out of town, especially if you teach in this state.

Your pension, future earnings and profession are in jeopardy because of the state politicians’ thievery of our pension funds and, soon, the funding for education, which they have continuously cut year after year.

You and I have paid our 8 percent of gross earnings into the funds our whole careers, as have our school districts, but not our thieving lawmakers. With the state’s contribution, these funds should guarantee our futures, but no, not so.

They borrow from the fund and don’t pay it back. They fail to pay into the fund the money they owe, and then it becomes our fault the fund has insufficient funds to pay us.

So what do they do? They reduce our retirement incomes (funded by our own earnings). Leaving out the judges’ retirement fund in a blatant end around the state constitution so they can get it past the courts was a bit too obvious, I hope.

Unless they stop borrowing (i.e. selling bonds at high interest rates) and spending on projects they have not the income to support, Illinois’ financial problems are only going to get worse, not better just by shortchanging its retired and active teachers.

It is time the state stops taking out new credit cards without paying off the old ones. The next taxpayer effort needs to be term limits, and let’s run them out of office.

Donald A. Biere

Cary

More News

Reader Poll

What's your favorite pizza topping?
Mushrooms
Pepperoni
Onions
Sausage
Other