Elaine Nekritz

Rauner pension fix could backfire, experts warn

Rauner pension fix could backfire, experts warn

Richard Ingram, head of the Illinois Teachers' Retirement System, likens efforts to fix Illinois' worst-in-the-nation pension mess to a game of whack-a-mole.

"You hit something somewhere and something else pops up," said Ingram, executive director of the state's largest government retirement fund, which represents nearly 400,000 active and retired teachers from suburban and Downstate districts.

Case in point, a landmark 2010 law cutting the cost of pensions offered to newly hired state workers and teachers, one that TRS experts fear could begin to backfire in little over a decade. Despite those concerns, Republican Gov. Bruce Rauner has made that law the backbone...