Pension Reform Vote Expected Tuesday



It’s a potentially historic day in Springfield, as the state’s general assembly returns to the Capitol to consider a plan to solve a pension crisis that has been brewing for decades.
 
The Marion office of Representative John Bradley was the scene of a protest Monday by members of the American Federation of State, County and Municipal Employees and the Illinois Education Association unions.
 
Union retirees are upset about provisions to cut the cost of living increases in pension benefits to retirees. The unions say that employees paid into the state’s pension plans out of every paycheck, while the state has never paid its fair share.
 
A member of the conference committee that has been working to solve the $100 billion crisis says lawmakers have been hearing arguments from all sides.
 
Governor Pat Quinn says despite opposition from unions and some Republican candidates for governor, he thinks pension reform will pass today.
 
The bill before the Legislature today is estimated to save $160 billion over 30 years.

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