5 Pension Reform Proposals. Land of Lincoln.

Is illinois, like other sttes, look for a solution for pension reform? Yes

What group offered 5 Pension Reform Proposals?  Illinois Policy Institute (limited government and free market principles) 

What are the 5 pension reform solutions?

• No pensions for politicians
• 401Ks for new hires
• Optional 401Ks for existing pension participants
• Local pension costs should stay local. No state support for local pension systems.
• Allow cities to go bankrupt so as to restructure debt.

WSIL ABC 3 | 5 solutions to state’s pension crisis offered by Illinois Policy Institute