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Pension Fix Vote Comes Next Week

Wed, 27 Nov 2013 13:29:05 CST
By: AP

A spokeswoman for Illinois Senate President John Cullerton says members are being asked to return to Springfield next week to vote on a newly inked deal to solve the state's pension crisis. Rikeesha Phelon says in an email Cullerton supports the plan to address Illinois' $100 billion unfunded pension liability. He's asking senators to be at the Capitol Tuesday. Cullerton is a Chicago Democrat. He previously had promoted a solution that didn't cut state employee benefits as much as a rival House plan. The plan is expected to save more than $138 billion over 30 years. Labor unions almost surely will oppose the agreement. They prefer the original plan championed by Cullerton earlier this year.

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