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September 20, 2014, 12:56 am
970 WMAY News

Much Smaller Pension Reform Plan Passes Senate


After rejecting one proposed pension reform plan, the Illinois Senate has approved a much smaller attempt to fix a portion of the problem.

 

And it took two Senate votes to get the bare majority needed to approve Senate President John Cullerton’s bill… which only applies to current working teachers, but excludes other public sector employees and retirees.

 

Cullerton’s bill would require those workers to choose between cost-of-living increases or state-subsidized health care after they retire.

 

One critic says it barely scratches the surface of the pension crisis.

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