The Illinois Supreme Court issued an opinion this morning that is a godsend to retired public employees, but a huge blow to the state’s taxpayers and creditors. The ruling concludes that retiree health insurance falls under the protection of the state’s constitutional non-impairment clause. In addition to overturning the attempt to save state taxpayers money on retiree health insurance for public employees, the even bigger implication is what this may say about the constitutionality of the state’s recent pension overhaul.
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