As a retired Illinois teacher who will lose some of my pension benefits if Senate Bill 1 is enacted, I was very happy to see the Telegraph’s headline article, “It’s legalized robbery.” I agree that SB 1 does represent legalized robbery, and I am surprised to see that Rep. Demmer has fallen in line with Speaker Madigan and supports the bill.
Madigan’s bill addresses the Illinois pension problem by simply confiscating (is stealing too strong a word?) some of the benefits that we retired public servants contractually earned during our working years. SB 1 does have a greater impact on the pension deficit than the legislation the unions have reluctantly agreed to accept, SB 2404, but it does so by directly seizing some of the benefits that we retired public workers contractually earned during our working lives.
Is a confiscation of a citizen’s private property by the state something that conservatives now endorse?