Senate committee OKs 2 pension overhaul plans
SPRINGFIELD – An Illinois Senate committee has advanced two similar proposals to address Illinois’ worst-in-nation pension problem.
One plan sponsored by Sen. Daniel Biss replicates part of a previous plan that delays cost-of-living increases, pushes back the retirement age for some and calls for more employee contributions. The Senate Executive Committee approved it Wednesday 11-4.
The other sponsored by Senate President John Cullerton echoes the plan. But it contains a backup plan if deemed unconstitutional. The plan combines provisions from a Senate-approved measure along with increased contributions and some reduced benefits. Gov. Pat Quinn supports it. The committee approved it 11-3.
Story Archived
Please sign in with your Comment Member ID and password.
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com









