This week the Governor signed a pension reform plan for downstate fire and police pensions.
As a small step was taken to steady those funds what about the one that funds retirements for state employees? Some argue that there should be a possible constitutional amendment to end the three percent increase that retirees get every year. Democrat JB Pritzker says that’s just not going to happen when you look long and hard at the political lift needed and then0 a court challenge.
Pritzker says there is no silver bullet and there will be a group of things to reduce the state’s pension liability.