GOP Pension Plan Heads To Illinois House Floor

A new Republican version of a plan to control Illinois pension costs passed its first test.
The measure was approved Thursday by an Illinois House committee. The 8-1 vote sends it to the House floor for a vote later in the day.
The legislation cuts the state’s annual pension contribution by reducing annual cost-of-living increases for public employees, such as state workers, downstate and suburban teachers and university staff.
This version drops a proposal to make schools and universities pay future retirement costs for their employees. State government pays that now.
Republicans opposed that idea and instead put forward a plan to make schools responsible for pension increases caused by raises given to teachers late in their careers.
School teachers and administrators both testified against that idea. (AP)

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