Illinois Governor Backs Some of Democratic Fix for Pension Funds
via Bloomberg
“Illinois Governor Bruce Rauner endorsed parts of a Democrat-proposed plan to fix the nation’s worst-funded state pension system, a move that he says would save $1 billion a year and give workers greater choice.
Flanked by Christine Radogno and Jim Durkin, the state’s top Republicans in the legislature, Rauner backed key provisions of a proposal originally pitched by Democratic Senate President John Cullerton. It would let workers choose between giving up some cost-of-living increases or accepting limits on how salary raises will affect their benefits. The governor stopped short of an outright endorsement, saying it should include curbs on unions’ collective-bargaining power. Cullerton rejected Rauner’s version of his plan.
‘This does not go as far as we need to,’ Rauner told reporters in Chicago. ‘It’s a step in the right direction.'”
Back