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The 2017 Pension Political Power 25: Bruce Rauner

No. 2. Bruce Rauner, Governor of Illinois

ByPeter Vasiliev

February 14, 2017

<25 Top Pension Power Players

2. Bruce Rauner

Governor of Illinois

In 2015, RepublicanBruce Rauner, former chairman of private equity firmGTCR, was elected governor of Illinois — which has one of the most underfunded state government pension systems in the country — on a promise to bring fiscal stability. Illinois has since become ground zero for pension reform. In December, Rauner, who has a history of antiunion positions, vetoed a bill that would have provided $215 million for pensions for Chicago public school teachers; he said any bailout needed to be tied to statewide pension changes, which he’s been trying to ram through the legislature since he took office. State Democrats overrode his veto, but Rauner, who turns 60 this month, has more support in the House, which has yet to vote. He has appointed outspoken pension reformer Marc Levine to head the $15 billion Illinois State Board of Investment. Levine has done one thing to make pension backers happy: He slashed ISBI’s hedge fund portfolio.— Michelle Celarier

The 2017 Pension Political Power 25

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