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April 23, 2014, 1:02 pm
970 WMAY News

Cullerton: Latest Pension Proposal ''Less Unconstitutional'' Than Previous Options


The president of the Illinois Senate says he supports a pension reform plan that would reduce cost-of-living increases for retirees… but could also lead to higher COLAs in the future if inflation goes up. 

 

John Cullerton tells the State Journal-Register editorial board that the flexible cost-of-living hikes… and a provision that reduces the amount that employees pay toward their own pension… makes the plan, quote, “less unconstitutional” than other options and could help it survive a court challenge. 

 

But roadblocks remain… a bipartisan pension committee hasn’t signed off on the plan yet, and Cullerton expects public sector unions will probably oppose it.

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