Brady wants all pay raise pension costs shifted to school districts
Thursday, Jan 23, 2014
* Daily Herald…
Unlike Speaker Madigan’s “cost shift” proposal, Brady’s would only deal with pay raise costs going forward, not full salaries, past and present, and pension debt.
It’s not a bad idea. One of the reasons Illinois got itself in over its head on pensions is that the state made itself responsible for funding teacher and university pension systems. The costs just grew too high, and the state has no control over those costs, other than paying its bills on time (which would’ve kept those costs from rising, but hurt other budget items, like schools themselves).