Pritzker defends plan that includes pension holiday
Gov. J.B. Pritzker is defending his proposal to address the state’s $134 billion unfunded pension liability.
Pritzker’s proposal for the coming budget restructures pension payments and pays less than what’s required in the coming years.
Despite critics, including some unions and Democrats, opposing the governor’s pension proposal seeing it as the state again kicking the can down the road, state Rep. Robert Markwick, D-Chicago, is on board.
“We’re going to put together a package that redefines this pension debt problem, shows a plan to pay it off and does not burden further generations but rather spreads the burden out so that one generation does not bear the full responsibility of facing a problem that they didn’t create,” Martwick said.
Click Here to read more.
Pritzker’s proposal for the coming budget restructures pension payments and pays less than what’s required in the coming years.
Despite critics, including some unions and Democrats, opposing the governor’s pension proposal seeing it as the state again kicking the can down the road, state Rep. Robert Markwick, D-Chicago, is on board.
“We’re going to put together a package that redefines this pension debt problem, shows a plan to pay it off and does not burden further generations but rather spreads the burden out so that one generation does not bear the full responsibility of facing a problem that they didn’t create,” Martwick said.
Click Here to read more.