Pension reform showdown ahead in Springfield

illinoislawmakerspensionThe stage is set for a legislative showdown on Illinois pension reform.

The state Senate endorsed a plan to save the state about $50 billion in pension expenses; a House alternative proposed by Speaker Mike Madigan would save three times as much.

The plans differ on issues like retirement age, health care coverage and cost-of-living pension raises.

Now comes the tense job of reconciling two very different plans and finding a compromise that can survive a court challenge.

Governor Pat Quinn would like a final bill on his desk before the General Assembly holds the final session of the current fiscal year on May 31st.

Filed in: News


Suggest a correction

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Get every new post delivered to your Inbox.

Join 1,722 other followers