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September 30, 2014, 8:53 am
970 WMAY News

House Committee Approves Pension Reform Bill


A bill to get pension costs under control... by decreasing the benefits to be paid to workers and retirees in the years ahead... has passed an Illinois House committee.

 

State Representative Raymond Poe of Springfield was one of three committee members who voted against the pension proposal, but the measure passed on a vote of six-to-three. Poe is siding with union leaders who say the measure is unfair and potentially unconstitutional. But supporters say action must be taken soon or the unfunded pension liability will become a full-blown fiscal crisis for the state.

 

It's not clear when the proposal will go before the full House, or whether the votes are there to pass it.

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