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October 1, 2014, 11:23 pm
970 WMAY News

State Worker Pension Fund Wants Delay In Effective Date Of Reform Law


The pension fund for state workers is asking for a delay in implementing the state’s new pension law… until the courts decide whether or not the law is constitutional. 

 

The State Employees Retirement System says there are implementation issues as the fund tries to meet the new law’s effective date… but warns there will be much bigger problems if it starts to implement the law and then the law is thrown out. 

 

The fund’s board of trustees is asking Attorney General Lisa Madigan to request a stay in implementation until all the legal issues are resolved.  If Madigan refuses, the board will seek to hire its own attorney to make the request.

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