Bipartisan pension reform plan emerges in Illinois House (by Greg Hinz)

4 Dec

A bipartisan coalition of Illinois House members Wednesday is set to offer its own solution as to how to cure the state’s pension woes. It appears their plan will be both promising and highly controversial.

In a news conference set for mid-morning, a group headed by Rep. Elaine Nekritz of Northbrook, the point-person for House Democrats on pension issues, will call for both a cutback in current benefits and guaranteed funding in the future for those benefits that have been promised.

Ms. Nekritz failed to return phone calls seeking comment. But sources said the plan will ask something of both the state and its workers, force suburbs to pick up the retirement costs of their pensions and risk a court challenge on constitutional grounds. More…

via teacher/poet/musician glen brown: December 2012.

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