Lawmakers to offer new pension proposal
SPRINGFIELD (AP) – A key lawmaker and a group of colleagues will offer new legislation Wednesday to fix the state’s crippling pension crisis and end bitter fighting over a multibillion-dollar issue that gets more expensive by the day.
Rep. Elaine Nekritz, a Democrat who chairs the House Pension Committee, will be joined by about a dozen lawmakers in announcing a proposal that would begin to bring down the state’s $95 billion pension liability by raising employee contributions, introducing a tiered retirement age and phasing in a plan to share costs with school districts.
At least two Republicans are expected to join the contingent backing the plan. But partisan divisions over the pension problem reared up again during the fall veto session Tuesday as two GOP lawmakers blasted Democratic Gov. Pat Quinn for his leadership on the state’s financial problems.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at email@example.com