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That's only effective in the case of fraud or gross negligence. There isn't a single court that considers being too dumb to properly do your job as either. Add

by kolbe 11y ago

That's only effective in the case of fraud or gross negligence. There isn't a single court that considers being too dumb to properly do your job as either. Additionally, what would you expect from the civil suit? These guys get paid a few hundred grand a year, and they lose billions. The only people who would win anything meaningful are lawyers. Additionally, in the case of Chicago, the pensioners don't really care either. The government has guaranteed they'd honor pension liabilities whether they're currently funded or not.

toomuchtodo 11y ago
> Additionally, in the case of Chicago, the pensioners don't really care either. The government has guaranteed they'd honor pension liabilities whether they're currently funded or not. As a former Illinois resident, I'm super excited to see what happens when the government attempts to honor pension obligations with bank accounts at 0, and property owners flee the state as their property taxes skyrocket to foot the bill.