Re:Lyft lays off 17% of workforce, furloughs hundreds more
by altoidaltoid on Wednesday April 29, 2020 @06:42PM
(#23025421)
Consider also that alot of retirees don't stay in Illinois as well. So other states are benefiting from the discretionary spending funded by Illinois taxpayers
Re:Lyft lays off 17% of workforce, furloughs hundreds more
by mlthoughts2018 on Wednesday April 29, 2020 @07:55PM
(#23026018)
Why would that be a problem? The salary & pension are compensation for the career of labor. No part of the pension that person _earned_ is owed back to the original state. That doesn’t make any sense.
Re:Lyft lays off 17% of workforce, furloughs hundreds more
by mikepurvis on Wednesday April 29, 2020 @11:28PM
(#23027136)
When the pension is an unfunded liability, it does change the calculus if everyone receiving it will be spending it off in Florida and not back into the local economy that's paying for it.
Re:Lyft lays off 17% of workforce, furloughs hundreds more
by jdkee on Wednesday April 29, 2020 @07:10PM
(#23025669)
Illinois also guarantees a 3% COLA regardless of inflation which leads to a doubling of direct pension benefits within 24 years. Not to mention the pension spiking among many administrators in the last four years of employment. It is criminal.
Re:Lyft lays off 17% of workforce, furloughs hundreds more
by mlthoughts2018 on Wednesday April 29, 2020 @07:53PM
(#23026006)
What about this seems wrong or strange? That seems completely and utterly reasonable to me.
"71,000 public employees at every level of Illinois government received six-figure paychecks. Additionally, 23,000 retirees pulled down more than $100,000 in annual pensions."