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August 22, 2014, 10:49 am
970 WMAY News

Court Battle Likely Next Step in Pension Reform


The next stop will be a courtroom in the fight over public sector pensions in Illinois.

 

The General Assembly on Tuesday approved a major pension reform bill that aims to save $160 billion over 30 years by reducing cost-of-living increases and raising the retirement age for many workers.

 

Unions representing teachers, state workers and others say the legislation is an unconstitutional reduction of the benefits that the state has promised to provide, and say they will sue to have it overturned.

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