Pension Reform



Senate President John Cullerton says senators will discuss pension overhauls today.
 
He says there are several options they have to weigh. That includes considering three smaller bills that deal with retirement age, salary caps and cost-of-living increases. They could also take up a bill sponsored by House Speaker Michael Madigan that cuts benefits across the board.
 
Also Wednesday there was movement on an idea to make schools pick up retirement costs. Democratic Rep. Elaine Nekritz, a key player in pension talks, says she's readied a bill that'd require state universities and community colleges to start paying their own pension costs. The heads of several schools agreed to the idea earlier this month.
 
Lawmakers adjourn Friday.
 
The pension bills are HB1154, HB1165 and HB1166.

(Copyright 2013 by The Associated Press. All rights reserved.)
 

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