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July 31, 2014, 4:29 am
970 WMAY News

New Pension Plan Gets Hearing Tuesday


A proposed pension reform plan would have Illinois university employees paying more toward their pensions while receiving annual retirement-pay increases tied to inflation.

 

The plan would also shift employers' portion of pension payments from the state to universities and community colleges over a dozen years.

 

Senate President John Cullerton is expected to hold a hearing on it on Tuesday.

 

But most of the focus on Wednesday’s special session will be on House Speaker Mike Madigan’s pension plan, which is expected to be called again for a vote… even though it was overwhelmingly rejected by the Senate last month.

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