Google TOC
Make This My Homepage
A   A   A
 Follow 
Share

Illinois Pension Fight Likely Shifting To Courts



The fight over how to address Illinois' worst-in-the-nation pension shortfall is likely to move to the courts following passage of a landmark bill.

The Illinois Legislature approved a measure Tuesday to eliminate the state's $100 billion unfunded pension liability by cutting benefits for workers and retirees.

Governor Pat Quinn says he will sign the bill.

If he does, public employee unions say they'll file a lawsuit.

They claim it violates a provision of the state constitution that prohibits cutting pension benefits.

The bill is estimated to save $160 billion over 30 years.

 

Filed Under :  
Topics : LaborSocial Issues
Social :
Locations : Illinois
People : Pat Quinn