It’s expected to be some time before the courts decide whether Illinois can trim retirement benefits for public school teachers, university workers, and state employees. But the uncertainty continues to affect the credit outlook of schools and community colleges across the state.
Much of the political class in Illinois continues to insist the state’s pension problems have been solved. This summer, the Illinois Supreme Court decided the state Constitution prohibits the more modest step of making state retirees pay health insurance premiums. But self-styled reformers were undeterred.
The day of the court decision, Gov. Pat Quinn’s office said: “We believe the pension reform law is constitutional.”