CHICAGO (AP) — Candidates running for Illinois governor in 2014 have started shaping up their positions on a new pension proposal that lawmakers are expected to consider this week.
Republican venture capitalist Bruce Rauner said in an email yesterday to supporters that it's the wrong deal for Illinois. He says the savings are insufficient and he doesn't agree with how lawmakers reached the agreement.
Meanwhile Republican state Sen. Bill Brady says he's in favor. In a statement, he says that it's package of "meaningful reforms" that would strengthen Illinois' fiscal stability. Brady sat on a bipartisan pension panel for months.
Last week, the state's four legislative leaders announced some details of the deal aimed at solving the state's nearly $100 billion pension crisis. It's estimated to save about $160 billion over three decades.