Can any of you share with us the reasoning behind this push?
“HB 1702 would provide lavish pension benefits for all tollway employees, including state auto mechanics and body shop workers, sign hangers and tollway messengers”, said Tobin. “HB 1702 will allow Illinois tollway employees to retire with 25 years of service at age 50, receiving up to 80% of their salary, subject to annual cost of living increases. Under this formula, over a normal lifespan, the retired tollway employee receives over $1 million in total pension benefits.”
“Additionally, if this bill is passed, it would enlarge the patronage army that is pushing for a 67 percent increase in the state personal income tax!”
HB 1702 already has been passed by the state senate. Now there are reports that there will be a push to pass the bill in the state house during the current session. House sponsors include Rep. Robert Pritchard (R-70, Sycamore), Rep. Raymond Poe (R-99, Springfield) and Rep. Carolyn Krause (R-66, Mt. Prospect).
And sponsored by 3 Republicans??
Robert E. Huschen
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4 comments:
Merle, I may be wrong on this, but I don't think taxes would be used to fund this pension; wouldn't it be an operating expense funded by collected tolls?
At the state level politics is all about patronage, not what is best for the taxpayers.
BTW, Happy Holidays to you and yours.
My opinion - funds should be mainly used for upkeep and replacement costs somday.
Pensions, sure, but this plan is ridiculous. This type of socialism is what got the Big 3 in impossible to solve trouble.
Merry Christmas and a better new year. At least, better for many of us.
Many (R) have signed onto this list --- just look at all the co-sponsors...
http://www.ilga.gov/legislation/billstatus.asp?DocNum=1702&GAID=9&GA=95&DocTypeID=HB&LegID=30525&SessionID=51
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