What grade would you give to the IL legislature for its recent passed pension reform?

Well, let’s see — “D” for depressing,”E” for effort, or “F” for Fubar.   Legislators that disregard pension laws that state that pension benefits cannot be reduced for retirees, full well knowing that most of the blame for the underfunded pension plans are the fault of those, who for decades failed to deposit the state’s contributions, while the workers contributed their shares; it’s just depressing!  And most of us retirees don’t even fully understand how these recent changes will diminish our benefits, but we know that we aren’t going to receive what we were promised as we put in our decades of hard work for the state. And current employees will have to work longer before they can retire, and receive less in benefits than previous state retirees.  Meanwhile the Union plans on suing on our behalf, for our contracted benefits.   If the recent pension reform stands, I hope that the greater good is served, that Illinois’ credit rating is improved and state bankruptcy is averted.  I hope that legislators don’t continue to spend state funds unwisely, to our detriment, as they continue to raise our taxes.