Capitol Fax.com - Your Illinois News Radar » Isabel’s morning briefing
SUBSCRIBE to Capitol Fax      Advertise Here      About     Exclusive Subscriber Content     Updated Posts    Contact Rich Miller
CapitolFax.com
To subscribe to Capitol Fax, click here.
Isabel’s morning briefing

Friday, Feb 10, 2023 - Posted by Isabel Miller

Here you go!…

       

31 Comments
  1. - Donnie Elgin - Friday, Feb 10, 23 @ 8:22 am:

    One can calculate to the penny what a participants lifetime benefit will be, unfortunately when the investment returns or actuarial liabilities are problematic - the fingers start getting pointed as to how is on the hook for the costs …

    “Andrew Bodewes, a spokesman with TRS…We have sort of a weird bifurcated definition of an employer where it is sometimes kind of the state and sometimes the school district when we are talking about employment security,” Bodewes said. “That’s why I do not want to give you an ironclad promise on that.”


  2. - H-W - Friday, Feb 10, 23 @ 8:29 am:

    The NPR story is nutty. Outlawing “entertainment that appeals to a prurient interest.” I suppose we could outlaw Country concerts and Hip Hop. Perhaps we should also outlaw High School sports, especially football and volleyball.

    And then there is the whole “bar scene” thingy. I suppose most movie theaters will need to shut down, as well as internet television (since people are constantly watching their phones in public).

    I cannot wait for Victoria Secret ads to disappear, as well as almost all advertising, generally.

    Thank God for Illinois.


  3. - Torco Sign - Friday, Feb 10, 23 @ 8:39 am:

    “Pritzker, a billionaire, said as part of promoting the city’s bid, he was among those making upfront guarantees to the DNC that the party would lose no money if Chicago snagged the convention.”

    There are other ways to phrase this but why get on the bad side of a billionaire governor, right?


  4. - JoanP - Friday, Feb 10, 23 @ 8:46 am:

    = He introduced a bill in his state that defines a drag performance as when “a performer exhibits a gender identity that is different than the performer’s gender assigned at birth.” =

    Well, there goes Shakespeare.


  5. - Nuke The Whales - Friday, Feb 10, 23 @ 9:09 am:

    == It was first reported by [Isabel] Miller of Capitol Fax.==
    Congrats Isabel!


  6. - JS Mill - Friday, Feb 10, 23 @ 9:29 am:

    =”If we wait until 100,000 of those 144,000 [retired teachers] are coming screaming at our doors saying, ‘hey, I want my money,’” Reick said. “If it all falls on local school districts, our property taxes are going to go straight to Mars.”=

    Simple simon saying the sky is falling. How long have we been hearing that?

    =unfortunately when the investment returns or actuarial liabilities are problematic=

    And yet, the pension system is funded at a higher percentage (assets to liabilities) than it was in 1970.

    It has been clear that, by statute, the “employer” share falls to the state as it has since at least 1970.


  7. - Back to the Future - Friday, Feb 10, 23 @ 9:32 am:

    Well there goes the Chicago Bar Association’s Christmas Spirit’s Show.


  8. - Grandson of Man - Friday, Feb 10, 23 @ 9:47 am:

    The Freedom Party is at it again, with pushes to ban drag shows in multiple state legislatures. Abortion bans, book bans, teaching bans. So much freedom. This is what certain political interests want Illinois to become. Never has there been less incentive to be like a GOP-led state.


  9. - ddp76 - Friday, Feb 10, 23 @ 9:59 am:

    This showed up in my inbox yesterday. What is it with shortcuts on weapons with the Police Training Board?

    https://www.illinoistimes.com/springfield/no-badge-no-problem/Content?oid=16402124&gt


  10. - JS Mill - Friday, Feb 10, 23 @ 9:59 am:

    @GOM, as always just plain old spot on.

    So much freedom, and government out of your life from the right.


  11. - Henry Francis - Friday, Feb 10, 23 @ 10:18 am:

    It looks like the Tenn statute targets the actual performers. So I guess it is still cool to show films like The Crying Game or Boys Don’t Cry on the big screen, just don’t provide any live performances of those on stage.


  12. - Henry Francis - Friday, Feb 10, 23 @ 10:33 am:

    If a kicker and a punter can be elected to the NFL Hall of Fame, then Hester belongs there as well.


  13. - Steve Reick - Friday, Feb 10, 23 @ 11:06 am:

    @JS Mill: My “100,000″ comment was specifically to the point that as it now stands, Tier 2 benefits fall short of what the retiree would receive from Social Security had the retiree been enrolled there instead of Tier 2. That being the case, that shortfall will have to be made up by someone, and both Andrew and I are of the opinion that this shortfall could fall upon the local district rather than the State, though we’ve never seen a definitive answer. This was not made plain in the Center Square article. I hope this clarifies the matter. Very truly yours, S. Simon


  14. - Oswego Willy - Friday, Feb 10, 23 @ 11:11 am:

    If you are a ridiculous person still wanting a pension crisis to diminish what the ILSC has said can’t be diminished… or a phony want to say the fiscal math is “all but ready to implode”…

    You are not a serious person to the situation now, to looking for answers to better things, and for sure likely dishonest to the fact that no payment to retirees has been missed… and that governments can’t go bankrupt.

    You’re as phony as bond rating agencies that refuse to look at constitutional language as it applies to debt.


  15. - Oswego Willy - Friday, Feb 10, 23 @ 11:15 am:

    Oh…

    Any single legislator that bemoans the pension/benefit issues to funding or the collapse of any part of either…

    … and supports Gillespie’s Bears Bailout Bill…

    Then that legislator is wholly dishonest to any aspect of looking for “fiscal responsibility”

    I’ll keep a list


  16. - Demoralized - Friday, Feb 10, 23 @ 11:20 am:

    @Steve Reick

    Those pensions are guaranteed. So what would you like to do? They can’t be cut. That’s where I’m lost with you. What do you want done?


  17. - Demoralized - Friday, Feb 10, 23 @ 11:23 am:

    == At least 9 GOP-led state legislatures want to restrict or criminalize drag shows:==

    Brought to you by the party who is constantly saying that the government needs to stay out of everyone’s business . . . except when they want it to be in our business. It amazes me how far into our personal lives Republicans want to go. If you don’t like drag shows then don’t go. Problem solved. Get out of everyone’s personal lives Republcans.


  18. - Steve Reick - Friday, Feb 10, 23 @ 11:28 am:

    @OW: At yesterday’s meeting, it was pointed out that the Tier 2 normal cost allocation is pretty much paying for itself, and that the “ramp” is to make up for prior underfunding. I get that. However, it doesn’t solve the problem of such a large percentage of general revenue being diverted to pay for that underfunding and will continue to grow until 2045. You can hide behind the Constitution all you want, but that problem isn’t going to go away. Had you watched the committee hearing, you’d have heard me say that I’m ready to talk about a grand bargain for enhancing revenue in exchange for substantive pension reform. What form that bargain takes I don’t know, but your implication that I’m a “ridiculous person”, a “phony” or “not a serious person” does not advance the conversation.


  19. - Demoralized - Friday, Feb 10, 23 @ 11:32 am:

    ==You can hide behind the Constitution ==

    And you can try all you want to get around the Constitution but you are going to fail.

    ==substantive pension reform==

    And what is your constitutional solution? You must have some idea. You brought it up after all.


  20. - Oswego Willy - Friday, Feb 10, 23 @ 11:33 am:

    ===However, it doesn’t solve the problem of such a large percentage of general revenue being diverted to pay for that underfunding and will continue to grow until 2045.===

    The thing is, the state can’t and won’t go bankrupt, there would need to be a raising of taxes or revenues and/or a refinancing of the debt or have legislators use that pesky constitution to “explain” to bond agencies their interpretation of how debt is managed isn’t at all real to the constitutionality of Illinois.

    ===your implication that I’m a “ridiculous person”, a “phony” or “not a serious person” does not advance the conversation.===

    I don’t recall saying your name, sir.

    I stand by my comment, every sentence, word, syllable.

    If you take it as an affront on you, where do you stand on the Gillespie Bears Bailout Bill?


  21. - Demoralized - Friday, Feb 10, 23 @ 11:34 am:

    ==not a serious person==

    And, by the way, anyone still talking about “pension reform” isn’t a serious person because you just can’t accept what the Supreme Court has said. Tier II was the reform. But that’s not good enough for you. You and those like you won’t be happy until you take something away from those currently in the Tier I system. Go ahead and try but you are going to lose.


  22. - Rich Miller - Friday, Feb 10, 23 @ 11:35 am:

    ===in exchange for substantive pension reform===

    Representative, not even the Civic Committee is on board with that any longer.


  23. - Steve Reick - Friday, Feb 10, 23 @ 11:46 am:

    @Demoralized & @OW: A grand bargain might not necessarily entail a constitutional change. I do take your comment for what it implied, and as to Gillespie’s bill, the Bears’ balance sheet is a lot stronger than the State’s. If Kronke can privately finance SoFi Stadium, so can the McCaskeys or whoever buys the team in the future.


  24. - Demoralized - Friday, Feb 10, 23 @ 11:50 am:

    ==A grand bargain might not necessarily entail a constitutional change==

    What? So you want to work on a change that you know will be unconstitutional? The court has laid out your options. You can give employees something in exchange for making changes or you can fund the pensions. Those are your options. We already have some programs in place that offer employees something if they will give up something. You’re wasting your time if you continue to talk about “pension reform” unless you want to follow the court’s guidance. Accept it instead of wasting everyone’s time.


  25. - Oswego Willy - Friday, Feb 10, 23 @ 11:53 am:

    Representative, I appreciate your No on the Bears Bailout Bill, and as you take my comment as an affront towards you, individually, I’ve looked at any thought of a “pension reform” discussion as its intended to be discussed, a diminishing or trying to put what the ILSC says can’t be “put”

    Others, and other groups have backed away from a pension reform prong for any of a number of reasons, likely too because of 60/30, 71/36… as Rauner himself learned holding a state hostage for his own unpopular reforms.

    If there were even 60/71 and 30/36, any reform trying to skirt the constitution and the ILSC is phony to the honest discussion and a real discussion to solutions.

    Appreciate your responses, Representative, I hope you understand mine.

    OW


  26. - Steve Reick - Friday, Feb 10, 23 @ 12:07 pm:

    I’ll throw this out for consideration and then go do other things: 1) An agreement among all stakeholders for a buyout of the 3% compounded COLA; 2) A revenue stream or tax increase limited to funding that buyout with a non-negotiable sunset once that’s paid for; and 3) A Constitutional amendment of whatever form necessary to accomplish the above. Have a nice weekend.


  27. - Demoralized - Friday, Feb 10, 23 @ 12:09 pm:

    ==An agreement among all stakeholders for a buyout of the 3% compounded COLA==

    That would have to be an individual offer made to each employee. Pensions are an individual contract so you couldn’t do a blanket change.

    And changing the constitution still isn’t going to get you around the limitations placed on making changes for current members of the system. It will help you for the future by current members would still be covered under the contracts clause in the constitution.


  28. - Oswego Willy - Friday, Feb 10, 23 @ 12:13 pm:

    Have a good weekend, Representative, I also concur with - Demoralized - on the assessment


  29. - Jibba - Friday, Feb 10, 23 @ 12:24 pm:

    Representative Reick: I appreciate hearing ideas, although I am skeptical about the specific ones you mention. In addition to Demoralized’s critique, offering buyouts to individual members probably will not save as much as planned. The most likely to take such a bad deal (other than those who are math-challenged) are those whose life expectancy will be lower than average, and those are folks you want to stay in the system.


  30. - Amalia - Friday, Feb 10, 23 @ 12:53 pm:

    agree with Nuke the Whales, go Isabel (oops, almost typed the banned…..)


  31. - Stuck in Celliniland - Friday, Feb 10, 23 @ 12:56 pm:

    Meanwhile, in Urbana and from the “Yea, You Called Attention to it All Right” department:

    ==https://www.news-gazette.com/news/man-allegedly-started-fire-at-a-house-to-bring-attention-to-the-homeless/article_ba553ab0-a644-5c4a-b480-4b317ae07b85.html==


Sorry, comments for this post are now closed.


* Isabel’s afternoon roundup
* McHenry County State’s Attorney Patrick Kenneally abruptly aborts reelection bid without explanation
* Question of the day
* It’s just a bill
* Protect Illinois Hospitality – Vote No On House Bill 5345
* You gotta be kidding me
* Showcasing The Retailers Who Make Illinois Work
* Moody’s revises Illinois outlook from stable to positive (Updated)
* Open thread
* Isabel’s morning briefing
* Live coverage
* *** UPDATED x1 - Equality Illinois 'alarmed' over possible Harris appointment *** Personal PAC warns Democratic committeepersons about Sen. Napoleon Harris
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
December 2022
November 2022
October 2022
September 2022
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller