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Short Time To Read Pension Bill

Mon, 02 Dec 2013 16:45:51 CST
By: AP

Illinois lawmakers returning Springfield are scrambling to digest details of a complex plan to solve the state's $100 billion pension crisis. Some members, including House Republicans, were given a draft of the 325-page bill Sunday night. A bipartisan pension reform committee meets Tuesday morning and both chambers are expected to consider the legislation later in the day. Legislative leaders announced last week they had reached agreement on a plan that would save $160 billion over 30 years. Along with Gov. Pat Quinn, they've spent recent days calling members and asking them to support the proposal. At the same time, Illinois unions spent the day flooding the offices of lawmakers as they work to oppose the measure. Labor groups say it's unfair to retirees and believe that some elements are unconstitutional.

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