Comment: Either Rauner succeeds or Illinois fails with him. Whether you like his approach or not, nothing could be clearer.

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steve-o
5 years ago

Wow, Mayor Rahmbo couldn’t be more wrong if he was TRYING to be wrong. It is not responsible to lower the cash contribution for P&F from .55B to .33B. That barely covers the Normal Cost for the 2 plans. That guarantees the Unfunded Liability of $10B for the 2 plans will grow, and massively quickly. Rahmbo should wake up and at least be honest. If he can’t change the ILL Constitution, then he needs to cut pay for all city govt ees to free up some cash for pension contribs and slow the growth of pensions for active ‘ees (at… Read more »