Blago wants to burst IL teacher's pension "bubble"
Carl Nyberg of Blogging Blagovevich's Blunders (say that three times fast) has an illuminating post about a legislative proposal in Blago's latest budget to limit a little known tactic used to inflate teacher's pensions. Teachers often get a huge pay raise just before they retire, boosting their pensions. This cost is then paid out for many years after. Blago hopes to shift the burden for this from the state to the local school systems.