Republicans in Bloomington had sharply different questions on the state pension system for Lieutenant Governor Candidates speaking at a forum. A retired teacher asked about preserving benefits for retirees. An area lawyer suggested the pensions were bloated and overly generous and should be abolished altogether. The four GOP candidates for Lieutenant Governor said the state must keep its promises to existing retirees. But, State Representative Jill Tracy, who is Kirk Dillard's running mate also says the age of allowable retirement may have to go up.
Tracy served on the legislative commission negotiating a pension fix over the summer. She says cost of living increases for pensioners need to be reduced from compounded interest to simple interest. She also says the size of pensions needs to be capped on an annual basis. Evelyn Sanguinetti, Bruce Rauner's running mate, calls for abolition of the pension system for new hires.
Tracy says the legislature could be called back the week of December 3rd to take up the nearly $100 billion unfunded liability.
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