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October 23, 2014, 5:11 am
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Pension Reform Plan Clears House Committee; Poe Votes No


An Illinois House committee has approved a pension reform plan on a vote of 6-3, sending the measure to the full House.  Representative Raymond Poe (R-Springfield) voted against the measure.

 

It would require state workers to choose between their current guaranteed 3% annual cost-of-living adjustment, compounded -- or accepting a smaller COLA in exchange for access to a state health care plan.

 

The measure also seeks to transfer future pension costs for teachers and college and university employees from the state to those local school districts.  District 186 says that change could mean millions of dollars in new expenses for the cash-strapped district.

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