Fair
59°FFairFull Forecast

Looking for fair coverage on pensions

Published: Friday, Feb. 8, 2013 1:15 a.m. CDT

The recent opinion you published on the Illinois pension problems [Larry Lough's column, Feb. 2] failed to cover an important part of the story. I can only hope this was not intentional to put a certain slant on the issue of public employees needing to be punished for the benefits they are receiving.

Your article did not attempt to tell how those legislators and governors for many years failed to fund the state's portion of the state annual pension funding as determined by the actuary.

State employees every year paid what they were required to pay. These politicians told employees they needed funds to pay for their needs, so they took the pension funding and used those funds as their piggy bank. They then told state employees not to worry because those benefits are guaranteed.

This is the cause of the huge, unfunded pension liability in the state pension system.

If the above is the cause of the unfunded pension liability, why are you and others like Mr. [David] Murray wanting to correct this problem by taking retirement money from those who did not cause the problem and should not be attacked for serving the public?

I wish you would do some research into the funding facts about how we got into this unfunded pension liability and try to give some fair coverage about this issue.

More News

 

National video

Reader Poll

Lee County has a new United Way executive director. Do you donate to your local United Way?
Yes
No