Republican State Senator Bill Brady of Bloomington sat on a legislative committee exploring ways to fix the state's pension crisis. He says he hopes the plan before lawmakers comes up for a final vote by the end of the day. Brady calls the proposal a "win-win."
"It protects the interests of state employees. It asks them to give up a little bit of how their pensions going to grow, but not dramatic, and it solidifies state finances to a point where we can save $160 billion dollars in 30 years, rather than have a system that is 90 percent funded with 35 billion in obligation. We're fully funded."
Brady is seeking the Republican nomination for governor of Illinois. Two of his opponents in the G-O-P Primary - State Treasurer Dan Rutherford and Chicago venture capitalist Bruce Rauner - oppose the pension plan. Meanwhile, State Senator Kirk Dillard of Hinsdale says more discussion is needed before a final vote can happen.
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