How Public Pension Contracts Violate the U.S. Constitution

By Michael Bargo, Jr.

Public sector pension contracts have started to bankrupt communities and threaten the economic viability of states such as Illinois. Taxpayers are entitled to a conversation as to whether or not these contracts violate the U.S. Constitution.  In many states, public sector pension contracts are protected by clauses in that state’s constitution. The words usually used are that public sector pension contracts are contractual agreements that “cannot be diminished or impaired.”......

Read more