Constitutional Amendment 49 http://tspr.org en Constitutional Amendment Won’t Fix Pension System http://tspr.org/post/constitutional-amendment-won-t-fix-pension-system <p>Most Illinois voters might be surprised by their ballot when they vote next month – but they’ll be <em>shocked</em> by the consequences if it passes. Proposed Constitutional Amendment 49 “adding Sec. 5.1 to Article XIII,” claims to address the state’s pension obligations.</p><p>First, given the shortfall of more than $80 billion in Illinois’ five pension plans, voters should ask how a new Sec. 5.1 would deal with the money the state owes those pensions. <strong>It does nothing.</strong></p> Wed, 24 Oct 2012 16:01:00 +0000 Bill Knight 23412 at http://tspr.org Constitutional Amendment Won’t Fix Pension System No Shortage of Critics for Illinois Constitutional Amendment http://tspr.org/post/no-shortage-critics-illinois-constitutional-amendment <p>Illinois legislators overwhelmingly backed a constitutional amendment, saying it will prevent the state's massive pension deficit from growing by making it more difficult for lawmakers to increase public employees’ pensions.</p><p>But critics are coming at it from all sides.</p> Tue, 23 Oct 2012 20:44:30 +0000 Rich Egger 23375 at http://tspr.org No Shortage of Critics for Illinois Constitutional Amendment