Retired teachers file first lawsuit against Illinois pension reform
A group of retired Illinois teachers and administrators has filed a lawsuit challenging the constitutionality of the state’s historic pension reform bill.
This is the first of what’s expected to be many lawsuits against the bill that was drafted to deal with the state’s underfunded pension system.
Eight non-union retirees filed the lawsuit Friday in Cook County Circuit Court.
Governor Quinn signed the bill into law earlier this month.
The reform bill is estimated to save the state $160 billion, largely by cutting benefits to employees and retirees.