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October 1, 2014, 5:36 am
970 WMAY News

GOP Gubernatorial Candidate Rauner Pushes for 401(K)-Style Retirement


Republican candidate Bruce Rauner thinks it would be constitutional to move all state workers onto a 401(k)-style plan if he’s elected.

 

Rauner says under his plan, workers could keep the pension benefits they’ve already accumulated under the existing “defined benefits” plan, but any new benefits going forward would have to come from the new “defined contributions” plan.

 

Rauner says that would be enough to survive a constitutional challenge. He appeared live Thursday with 970 WMAY’s Fritz Pfister.

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