4 Pension Solutions We Should Consider Pursuing

Opinion by Reboot Illinois' Madeleine Doubek

In a recent post, I focused on the fact that we still have the worst pension debt among all U.S. states and yet there seems to be little focus on trying to do something about that this spring in Springfield.

Don’t get me wrong. A budget deal with cuts, purchasing reforms, efficiencies and an actual balance without gimmicks would be welcome.

But it still wouldn’t address the gargantuan pension elephant in the Illinois living room. It’s been a year since the Illinois Supreme Court rejected lawmakers’ first attempt at pension changes. We can’t just let it go and push that burden onto the backs of our children and grandchildren.

And I know some of the teachers out there who are worrying more and more that their retirement security won’t be there by the time it’s their turn to retire.

So, what solutions are floating around the Capitol rail in Springfield? Let's start by examining these four potential solutions to the state's pension crisis.

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