Illinois Legislature Approves Retiree Benefit Cuts in Troubled Pension System

Detroit Ruling on Bankruptcy Lifts Pension Protections

Pension Ruling in Detroit Echoes West to California

CAT Tracks Editor's Note:

A lesson for active public employees...

...it's time to rethink your bargaining strategy!

Instead of accepting less money in the short run than is paid to workers in the private sector...

...in return for the promise of a livable retirement check...

...it may be time to convert those "guaranteed pensions" into immediate gratification.

Sure, you may have to eat cat food in your golden years...

...sure, you may have to freeze in the winter and roast in the summer...

...but, it appears that that is what awaits you anyway!

At least with a bigger paycheck, you won't have to work a second job to make ends meet during the "living years".

Hell, you might even be able to afford to take a vacation, enjoy time with your family, and build memories to sustain you during the years of destitution that await you after the politicians get through stripping you of your dignity.

After all, as my favorite aunt was fond of saying...