Is the target benefit pension plan the answer to backloading issues with Illinois public pension reform? Why yes, it is! Published by Jane the Actuary View all posts by Jane the Actuary
2 thoughts on “Forbes post, “How To Achieve A Fair Public Pension Reform In Illinois: The Target Benefit Pension Plan””
A couple of comments:
In 2011 the Tier 2 pension plan was instituted for new Illinois teachers.
Even with a constitutional amendment the old promises of the 1971 constitutional pension protections will be upheld by the courts.
Why the legislature cannot curtail the compounding COLAs is a mystery.