*** UPDATE *** He’s not gonna get triangulated…

* More from the Sun-Times about that proposal Gov. Bruce Rauner floated yesterday about Chicago Public Schools’ state funding…

Rauner’s proposal would give CPS $200 million more a year from the state for two years [for normal pension costs]. After that, a new funding formula would have to be created that would eliminate the need for special block grants. […]

Rauner’s plan would also increase the lump sum of funding for high poverty school districts from $85 million to $159 million.

* Greg Hinz obtained a briefing paper…

As described in the paper, the pension pickup would begin immediately. But the block grant would not disappear for two years, and only after a new state commission approves a plan to revamp the state’s school-aid formula.

Bottom line: CPS over the next two years would be ahead $400 million.

Much of this is actually Senate President John Cullerton’s idea that he proposed to Rauner on that fateful recent Tuesday when Rauner walked in front of the cameras a couple hours later and all but called Cullerton a crook.

* It’s now seemingly back on track, after the city initially turned thumbs down…

According to the briefing papers, the CPS pension money would be tied to passage of larger pension reforms and to adoption of a new statewide school funding formula. A new formula would be developed and proposed by a majority-Republican panel but, according to my source, would have to be approved by the General Assembly, which now and for the foreseeable future is majority Democratic. […]

And, now says a senior city official, the Rauner proposal “is a good start”—but an eventual good ending depends on details of that change in the funding formula.

Those changes won’t come for a while, however.

And I was given a much more optimistic review of the proposal today, but whatevs. The point is, there is no longer a total thumbs down from the 5th Floor.

* There are other demands…

There is another CPS requirement—that is, an end to the system of the CPS picking up part of the teacher payment toward their pensions, amounting to 7 percent of pay. […]

Under the proposal as outlined in that fact sheet—a variation of the “consideration model” pushed by Senate President John Cullerton—workers would have to chose between reduced regular benefits and shrunken pension benefits.

For instance, vacation for state workers by law would be limited to two weeks a year for the first 15 years of employment, and overtime to work over 40 hours week, up from 37.5 hours now. Workers could get those benefits back, and a salary bonus of up to $3,000—if they agreed to accept lesser inflation adjustments in their pension.

* From the fact sheet, we have “Changes Based on the Consideration Framework” for SERS…

After removing certain subjects from collective bargaining, create a baseline independent of pension benefits:

Wages guaranteed not to decline for five years;

Vacation reset to two weeks (under 15 years of service) and three weeks (15+ years of service);

Adjusted vacancy/overtime rights; and

Overtime pay normalized to match federal law, kicking in at 40 hours, not 37.5

Create several optional packages to incentivize different groups of employees to transition into Tier 2 pension formula prospectively:

Salary package: $2000 transition bonus; one-time $3000 salary increase; OT at 37.5 hours; no additional vacation

Vacation package: $2000 transition bonus; one-time $2000 salary increase; OT at 37.5 hours; 2 additional weeks of vacation

Overtime/vacancy package: $2000 transition bonus; no salary increase; OT at 37.5 hours; 2 additional weeks of vacation; priority rights in work schedule, vacation, overtime, and “bumping”

Go read the fact sheet. Again, not all of this is Cullerton’s idea. But at least some of it could be accomplished.