Illinois gets new worker pension law

Proposal receives Gov. Pat Quinn's signature

Share on Facebook
Share on Twitter
Print

By Tim Inklebarger

Staff Reporter

State lawmakers in Springfield approved a sweeping pension reform bill this week that aims to cut a $100 billion funding shortfall — the highest in the nation — for the state pension system.

The bill was signed into law on Thursday by Gov. Pat Quinn.

"This landmark legislation is a bipartisan solution that squarely addresses the most difficult fiscal issue Illinois has ever confronted," Quinn said in a press release Wednesday. "This bill will ensure retirement security for those who have faithfully contributed to the pension systems, end the squeeze on critical education and health care services, and support economic growth."

The new law increases the retirement age and employee contribution and reduces cost-of-living adjustments for state workers such as teachers and public safety workers. The plan is expected to reduce the funding deficit over 30 years.

A coalition of unions operating under the name "We Are One Illinois" have opposed the pension reform measure, saying that, "Teachers, caregivers, police and others stand to lose huge portions of their life savings because politicians chose to threaten their retirement security." The group has threatened to challenge the pension reform bill in court.

The state senate approved the reform bill with 30 yeas, 24 nays and 3 voting present; and the state house approved with 62 yeas, 53 nays and 1 present. Here's how your delegation voted:

Riverside Brookfield

Rep. La Shawn Ford (D-8th) No

Rep. Silvana Tabares (D-21st) Yes

Rep. Michael J. Zalewski (D-23rd) Yes

Rep. Elizabeth "Lisa" Hernandez (D-24th) Yes

Sen. Kimberly Lightford (D-4th) No

Sen. Martin A. Sandoval (D-11th) Yes

Sen. Steven M. Landek (D-12th) Yes

Reader Comments

2 Comments - Add Your Comment

Note: RBLandmark.com requires you to login with Facebook to comment.

Comment Policy

Mark Roegner from Brookfield, Illinois  

Posted: December 6th, 2013 7:03 PM

and most of the democrats you voted for voted yes. unions suck

Joyce Leininger from Brookfield, Illinois  

Posted: December 6th, 2013 7:01 PM

These state legislators just kicked the can down the road again, passing an unconstitutional law to try to steal money from the retirees, after they mismanaged public funds and neglected to pay their share when it was due...kicking the can down the road to today. See a pattern here? This happened in AZ, but the public retirees won the case in court. Hopefully, the wronged retirees will prevail here also, and force these folks to find a LEGAL solution to the budget problem....like eliminating corporate tax loopholes, etc.

Quick Links

Sign-up to get the latest news updates for Riverside and Brookfield.


            
SubscribeClassifieds
Photo storeContact us
Submit Letter To The Editor

Latest Comments