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The public pension system is flawed. Unions hold significant political sway and no politican will want to go against them. There was a multi-year standoff betwe
by anilshanbhag 9y ago
The public pension system is flawed. Unions hold significant political sway and no politican will want to go against them. There was a multi-year standoff between the governor of Illinois and the house on this. The governor of Illinois tried to balance the budget and adjust compensation to market rates; he failed. Here is an article on it: https://www.nytimes.com/2015/10/27/us/illinois-budget-stalemate-rauner-and-democrats-divided.html https://www.nytimes.com/2015/10/27/us/illinois-budget-stalem....