Wednesday, 13 May 2015

Illinois Senate President John Cullerton offers new pension plan - actually he rehashes an old plan that he knows is also UNCONSTITUTIONAL just to make it look like he is doing something

Lawmakers returned to the Capitol on Tuesday facing renewed pressure to overhaul the state's employee pension system after the Illinois Supreme Court struck down a law aimed at sharply curbing benefits, with Senate President John Cullerton proposing an updated version of a plan he floated two years ago.

While details are still being worked out, Cullerton's plan amounts to giving government workers a choice between keeping more generous yearly cost-of-living increases or continuing to count pay raises in calculating their retirement benefits.

Cullerton, D-Chicago, said he planned to approach Republican Gov. Bruce Rauner and legislative leaders with a broad outline in an effort to build support to pass the legislation during the final weeks of the spring session that's scheduled to end May 31.

CLICK FOR MORE

No comments:

Post a Comment