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July 22, 2014, 2:36 pm
970 WMAY News

Unions Warn Madigan Pension Plan Will Cost Schools


A coalition of public sector unions is warning that House Speaker Mike Madigan’s pension reform plan could become a huge unfunded mandate for local school districts. 

 

The We Are One coalition says Madigan’s plan could force teachers across Illinois into the Social Security system… and require local districts to pick up the employer’s share of contributions into that system.  The unions say school systems would be forced to hike property taxes to cover those costs. 

 

The unions have been fighting Madigan’s plan and urging lawmakers to adopt an alternate proposal from Senate President John Cullerton.

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