For many years Illinois has not adequately funded its pension liability. At the same time the state has regularly increased pension benefits well beyond the state’s ability to pay for those obligations. We must solve this problem before Illinois faces bankruptcy and/or additional exorbitant tax increases.

In order to avoid this crisis, we need to do two things: 1) Fund pensions each year rather than postpone funding indefinitely, and 2) Reform the pension law. Public employees should receive benefits which are more in line with the benefits being received by private sector employees. All pension reforms must be fair and constitutionally accurate.