You will perhaps remember my writing that when a Governor presents his education budget it comes in three parts:
- higher education
In the 1990’s (at least) the IFT (Illinois Federation of Teachers) and IEA (Illinois Education Association) lobbyists went to legislative leaders and asked that their pension money be put into state aid to education.
The result was
- their pension funds got short changed
- teacher salaries went up more than would have otherwise
- future pension obligations increased with the increased salaries
Of course, legislators had to be complicit, but what the heck, most knew they wouldn’t be in office when the bill came due.
And, they aren’t.