Constitutional Amendment 49

Bill Knight – October 25
11:01 am
Wed October 24, 2012

Constitutional Amendment Won’t Fix Pension System

Bill Knight

Most Illinois voters might be surprised by their ballot when they vote next month – but they’ll be shocked 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.

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. It does nothing.

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Statewide Referendum
3:44 pm
Tue October 23, 2012

No Shortage of Critics for Illinois Constitutional Amendment

Amanda Vinicky

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.

But critics are coming at it from all sides.

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