Local News

Madigan’s pension reform plan narrowly passes in IL House

In a tight vote, the Illinois House approved Speaker Mike Madigan’s proposed pension reform plan Thursday.

The bill passed 62-51, with two voting present. It needed 60 votes to pass the House. The bill now goes to the Senate, where a similar bill failed earlier this spring.

Madigan’s plan, which was OK’d by a House committee Wednesday, calls for employees to make higher contributions to their pensions.

He proposes eliminating the current 3 percent guaranteed cost-of-living raises in retiree pensions. He also wants to raise the retirement age from 65 to 67.

Union leaders heavily oppose the bill but Madigan says it’s a necessary step if the state is ever going to get a grip on the state’s pension system, which is nearly $100 billion in debt.

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5 Comments to “Madigan’s pension reform plan narrowly passes in IL House”

    Mike said:
    May 2, 2013 at 4:25 PM

    Madigan and politicans are crooks

    spoolie said:
    May 2, 2013 at 4:37 PM

    I hope this includes the pensions of all those political criminals in springfield,but we all know that is wishful thinking.

    HVK said:
    May 2, 2013 at 8:07 PM

    Love the pic of Madigan. " Drat! I've filled my Depends!"

    SouthSideDutch said:
    May 2, 2013 at 8:46 PM

    Madigan should be behind bars, he's the cause of this pension mess in the first place.

    retiredinaz1 said:
    May 2, 2013 at 9:07 PM

    He is a FOOL……..plus the plan will never pass in the Senate….and if it somehow did pass, it would be taken to court….so madigan…..give up!

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