Jim Edgar’s Advice On Pension Plans

Former Illinois Gov. Jim Edgar has some advice on how to heal the state’s woefully underfunded employee pension plans.

Mr. Edgar said he wouldn’t have called that late-August special legislative session that Gov. Quinn called — not without some reason to think that something was likely to happen. All that did is rile up the various factions, he said. But, the session having been called, Mr. Edgar said he would have adopted an idea of Gov. Quinn’s and pushed a bill to abolish just one of the state’s five pension funds – the one that covers current and retired lawmakers.

The reason is that the wider, more comprehensive bill being pushed by many lawmakers may well be unconstitutional. Passing the legislators-only bill would have allowed an immediate, low-complications means to begin the inevitable court challenge and see what the judges will allow.

 

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