“The Illinois Supreme Court has unanimously declared the state’s pension reform (cutting) law unconstitutional.
Friday’s decree puts new Republican Gov. Bruce Rauner and Democrats who control the General Assembly back at the starting line.”
– The State Journal-Register
“‘The General Assembly may find itself in crisis, but it is a crisis which other public pension systems managed to avoid and . . . it is a crisis for which the General Assembly itself is largely responsible,’ the unanimous opinion states.”
– The Chicago Sun Times
“Justice Lloyd Karmeier writing for the court. ‘It is our obligation, however, just as it is theirs, to ensure that the law is followed. That is true at all times. It is especially important in times of crisis when, as this case demonstrates, even clear principles and long-standing precedent are threatened. Crisis is not an excuse to abandon the rule of law.’
(This) violates the state’s constitutional clause that pension benefits ‘shall not be diminished or impaired,’ the Supreme Court affirmed Friday.”
– Pensions & Investments Online