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Retirement

Kadner: Pension crisis requires a change in the constitution

Kadner: Pension crisis requires a change in the constitution

After the Cook County Board passed a sales tax increase in order to cover its pension debt, a frustrated Democratic member of the panel wondered why the governor isn't pushing a state constitutional amendment to change the so-called diminishment clause which the Illinois Supreme Court used as its reason for killing a pension bailout plan passed by the Legislature and signed by former Gov. Pat Quinn. Article XIII, Section 5, of the Illinois Constitution, which has gotten more publicity in the past year, reads: "Pension and Retirement Rights: Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or...

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