Current Event of November 21, 2014
From Chicago Tribune
In December of 2013, the state of Illinois passed a state pension law requiring workers to wait longer for retirement and, in turn, their pension. The intention behind it was to reduce the $104.6 billion retirement debt that brings major issues for Illinois. Recently, a judge, John Beltz, has decided to bring this law to the Illinois Supreme Court. He, along with labor unions, has seen the problems with the legislation and are actively protesting it. If the pension law is repealed by the state's Supreme Court, the government will have to pay almost a billion more to the pension fund. But, if the the law is upheld, it will benefit Illinois as a whole. The problem with the law is that none of the workers agree with it. Regardless, the state needs some way to solve its major debt problem. Hopefully, some alternative ideas will be suggested in the next few weeks.
When it comes to money, Americans will go to every measure to protect their right to what they deserve. That is one of the defining characteristics of the United States. Work is life to many people. Their lives are dedicated to working long enough to retire and live with enough funds to be happy. When that dream is taken away through something like the Illinois pension law, people begin to distrust their government. Unions are in direct disagreement with the state legislature and individual workers know that the government may not have their personal interests at heart. The state faces the glaring debt that has been accruing for the last years. Somehow Illinois has to figure out how to best represent the common people while still staying afloat financially.
When it comes to money, Americans will go to every measure to protect their right to what they deserve. That is one of the defining characteristics of the United States. Work is life to many people. Their lives are dedicated to working long enough to retire and live with enough funds to be happy. When that dream is taken away through something like the Illinois pension law, people begin to distrust their government. Unions are in direct disagreement with the state legislature and individual workers know that the government may not have their personal interests at heart. The state faces the glaring debt that has been accruing for the last years. Somehow Illinois has to figure out how to best represent the common people while still staying afloat financially.
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