New Rauner Pension Plan Raises Familiar Legal Questions
From the Chicago Daily Law Bulletin
One attorney called it “blatantly unconstitutional.”
A lawmaker said the math doesn’t add up.
And another said he would give it the benefit of the doubt.
Such is the range of reactions regarding Gov. Bruce Rauner’s idea to overhaul the state’s public pension systems, which he called a top fiscal priority regardless of how the Illinois Supreme Court rules on a previous reform plan.
Rauner’s proposal, highlighted early in his budget address to state lawmakers Wednesday, would move all current state employees from their existing pension classification to a group currently entered only by new state workers.
Benefits already earned under their current designation would remain unchanged, including for already retired employees, Rauner said, but any benefits earned going forward would fall under the second pension classification.
Read more in our daily News Update...
From the Chicago Daily Law Bulletin
One attorney called it “blatantly unconstitutional.”
A lawmaker said the math doesn’t add up.
And another said he would give it the benefit of the doubt.
Such is the range of reactions regarding Gov. Bruce Rauner’s idea to overhaul the state’s public pension systems, which he called a top fiscal priority regardless of how the Illinois Supreme Court rules on a previous reform plan.
Rauner’s proposal, highlighted early in his budget address to state lawmakers Wednesday, would move all current state employees from their existing pension classification to a group currently entered only by new state workers.
Benefits already earned under their current designation would remain unchanged, including for already retired employees, Rauner said, but any benefits earned going forward would fall under the second pension classification.
Read more in our daily News Update...