The minority leader in the Illinois Senate isn’t sold on the idea of moving teachers and state workers to a 401(k)-style retirement system. Unlike her counterpart in the House, Senate Minority Leader Christine Radogno (R-Lemont) is skeptical about the governor’s idea of phasing out the current pension system and moving workers to a defined contribution plan. While it’s similar to what many private sector employees have as their retirement plan, Radogno points out they’re also entitled to benefits public sector workers don’t receive.
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“Teachers and many state employees do not have Social Security,” Radogno said. “So, all of you have a defined benefit plan in your Social Security. I don’t think it’s fair to tell some people you are 100 percent on your own.”Radogno says she’s not opposed to further reductions in the defined retirement benefits for new state employees.