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Pension cap passes Illinois House

Thu, 07 Mar 2013 17:00:31 CST
By: IPR's Brian Mackey

A day after Governor Pat Quinn chastised the General Assembly for failing to take action on pensions, members of the Illinois House voted in favor of imposing a cap on how much money pensioners can collect. IPR's Brian Mackey has more.

It's the second time the House has held a dry run on changes to the pension system. Most of the proposals failed spectacularly, gaining just a handful of votes. The one idea to succeed would impose a cap on pensions. Rep. Mike Zalewski is a Democrat from Chicago.

"This would remedy those situations where teachers or administrators, later in their career, have their salaries inflated to a significant amount."

Pensions would be limited to the level of income that is taxable for Social Security, currently just under $114,000. Employees who already earn more than that would have their pensionable salary frozen at its current level. All but two Republicans continued boycotting the debate, arguing that Democrats were just trying to get them to cast unpopular votes, votes that could be used against them in future campaigns.
The salary cap was just a test vote, it would likely be folded into a more comprehensive proposal before coming up for a final vote in the legislature.

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