Rauner aide seeks Chicago schools’ support for pension plan

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SPRINGFIELD, Ill. (AP) _ Illinois Gov. Bruce Rauner’s education secretary is urging Chicago Public Schools officials to back Senate Republican legislation to overhaul pension programs statewide.

Beth Purvis said Wednesday the plan would provide $215 million for retirement accounts administered by Chicago schools.

The legislation is separate from Democratic Senate President John Cullerton’s plan. That is part of the Senate’s “grand bargain” to try to break a two-year stalemate with Rauner over the budget.

Purvis wants support for proposals by Republican senators Jil Tracy of Quincy and Michael Connelly of Lisle (LYL’). She says lawmakers could approve them quickly and Rauner would sign them.

One measure would give state employees a choice of more benefits while working or raises in retirement. The other creates a defined-contribution program for new employees.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.