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October 23, 2014, 12:11 pm
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Illinois House To Debate Pension Reform


House Speaker Mike Madigan is once again calling his members into session today to discuss multiple amendments on a controversial bill… this time, pension reform.

 

Lawmakers will debate and vote on proposals ranging from raising the retirement age for public sector workers to ending cost-of-living increases for the foreseeable future.

 

Public sector unions are gearing up to fight the proposals.

 

Meanwhile, a separate pension plan is drawing support from both parties.

 

Republican leader Tom Cross and Democratic Representative Elaine Nekritz are sponsors of the bill, which requires workers to pay more toward their pensions and moves future teachers into a “hybrid” pension system.

 

Critics say the proposal is unconstitutional.

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