Pension Debate



Lawmakers return to Springfield with two options on the table for addressing Illinois' $97 billion pension problem.
 
Last week, the House approved a plan sponsored by Speaker Michael Madigan. Senate President John Cullerton and union leaders also said they had sketched out their own pension-reform plan.
 
Rikeesha Phelon is a spokeswoman for Cullerton. She says Senate Democrats will meet Monday to discuss whether to take up Madigan's bill or the union-supported measure.
 
Madigan's plan requires employees to contribute more toward their retirement and limits cost-of-living increases.
 
The details of the union-backed plan haven't been released. Phelon says it's similar to a Cullerton bill that would give workers a choice between health insurance in retirement or cost-of-living increases.
 
Cullerton believes his plan could survive a court challenge, while Madigan's may not.
 
(Copyright 2013 by The Associated Press. All rights reserved.)

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Topics : LaborPoliticsSocial Issues
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Locations : Illinois
People : John CullertonMichael MadiganRikeesha Phelon
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