An Illinois Senate committee has advanced two somewhat similar proposals to address Illinois' worst-in-nation pension problem.
One plan sponsored by Sen. Daniel Biss replicates part of another plan and delays cost-of-living increases, pushes back the retirement age for some and calls for higher employee contributions. The Senate Executive Committee approved it Wednesday 11-4.
The other sponsored by Senate President John Cullerton echoes some of the same ideas. But it contains a backup plan if the first is deemed unconstitutional. His plan offers employees a choice on whether they want retirement health care or reduced annual cost-of-living increases. The committee approved it 11-3.
Both are headed to the full Senate. Several committee members say they don't agree with either plan but gave tentative approval for more debate on the Senate floor.
(Copyright 2013 by The Associated Press. All rights reserved.)
(Copyright 2013 by The Associated Press. All rights reserved.)
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