Illinois lawmakers face growing challenges to keep 'pension promise'
Illinois lawmakers and Gov. J.B. Pritzker are weeks away from a state budget deadline and have yet to come to an agreement on how to address the state's growing pension tab, which threatens to consume an ever-greater share of state spending.
In his budget proposal, Pritzker wanted to short the state’s teacher pensions by hundreds of millions of dollars over the coming years. His plan calls for paying more into those pension systems later along with other changes.
“We must attack our pension liability from many angles all at once,” he told the General Assembly in February in his budget address. “We must be consistent and persistent in this battle.”
The governor's proposed pension holiday hasn't gone over well with some lawmakers and others who want to make the contributions that are growing annually.
Read more: https://www.ilnews.org/news/state_politics/illinois-lawmakers-face-growing-challenges-to-keep-pension-promise/article_75460dfc-6b7a-11e9-aeff-f7ef63597b91.html