* Caterpillar CEO Doug Oberhelman was an early endorser of Bruce Rauner’s candidacy. But his company today came out strongly for the pension reform bill, even going so far as to praise the process by which it was negotiated as a template for future Springfield progress on other tough issues. This statement represents the most significant repudiation of Rauner’s opposition to date…
Caterpillar is supportive of this pension reform bill as it is a significant step in moving Illinois toward fiscal stability.
It represents a truly bipartisan agreement and is the result of years of negotiation and compromise. We are encouraged by this action, which represents significant cost savings in the near and long term.
We also hope this first step will be an example of the type of compromise that will also be necessary as lawmakers work to quickly address other significant issues in order to improve the business climate in Illinois, which will drive private sector investment and growth in the state.