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IL: Proposed Bipartisan Pension Deal Reached



Illinois is buzzing about a proposed legislative pension deal, but as the saying goes, the devil is in the details. 

None of the four legislative leaders offered the specific details on the plan they reached to solve the 100-billion-dollar pension crisis, but they admit it could be a tough sell to lawmakers. 

House Minority leader Jim Durkin says the plan includes a change in the C-O-L-A, a defined contribution plan, and an adjustment to the retirement age. 

Both the House and Senate are due back in session on Tuesday.

Filed Under :  
Topics : LaborSocial Issues
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Locations : Illinois
People : Jim Durkin