Local News

Pension bill fails in Illinois Senate

A bill that, some say, could have erased Illinois’ $100 billion pension fund deficit was defeated in the state Senate.

Now we wait to see whether the state House accepts an alternative pension bill.

House Speaker Michael Madigan’s plan got less than half the votes it needed for passage in the Senate Thursday.

The alternative, offered by Senate President John Cullerton, would let retirees choose between annual cost-of-living raises and state-paid healthcare; the House has  until tonight to vote on that version.

This is scheduled to be the final day of the spring legislative session.


2 Comments to “Pension bill fails in Illinois Senate”

    retiredinaz1 said:
    May 31, 2013 at 9:06 AM

    Good Grief! Pass the option #2

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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