Dan Biss is a rarity — a lawmaker who understands numbers — and this interview provides as good a defense of the recent pension bill as you will find. But that doesn’t say much. He ignores the impact on the unfunded liability, which is the correct way to score the bill. He relies heavily on claims of compliance with “actuarial standards,” which in fact do not exist. Objective third party experts will soon be scoring the bill and they will show that it didn’t do much.

 

http://educationnext.org/illinois-pension-reform-an-interview-with-state-senator-daniel-biss/