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Pension Reform Plan May Be Unconstitutional

Posted 2012-12-06 05:54:00 by WMAY News


The latest proposal for fixing the state’s pension crisis may run into the same roadblock as previous attempts… the state constitution.

 

Illinois Senate President John Cullerton says he fears the proposed bill from House Democrats could violate constitutional provisions against decreasing workers’ current pension benefits.

 

The latest plan would require employees to pay more into their retirement funds, receive smaller cost-of-living increases, and calls for younger employees to work longer.
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