The following must be in any plan going forward:
1. A guarantee that the state will pay its portion as required. That hasn’t happened for decades, as legislatures have diverted money to other programs.
2. A true look at revenue by closing loopholes for big corporations that hurt taxpayers of Illinois. Many loopholes exist, and closing a few would generate money to help pay down the pension debt.
3. No inclusion of current retirees, who are living on an earned and needed pension and cannot re-enter the job market.
4. With a guarantee that the state would pay its portion, the members would be willing to help the state by paying more, even though they have contributed their portion over the years. (This increase may differ for the various pension plans.)