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September 16, 2014, 2:27 am
970 WMAY News

Illinois House to Take up Pension Reform Today


The Illinois House will make another attempt today at passing a pension reform package before the current legislative term expires.

 

The latest plan calls for a six-year “pause” in annual cost-of-living increases in pension benefits.

 

And once COLAs resume, they will start later and only apply to a portion of pension payments.

 

Employees would pay more into their pensions, at least temporarily, and the state would be required to make its promised payments.

 

But public sector unions suggest the measure is unconstitutional, and say they’ve been denied a seat at the table to help craft a workable plan.

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