http://www.pjstar.com/news/x1671799355/House-committee-to-take-up-pension-reform-billThe bill will include details of a new plan outlined late last week that includes higher employee contributions, a limit on cost of living increases to pension benefits and a mechanism to ensure that the state makes its required pension contribution each year.
The bill does not include shifting pension costs to local school districts, something that's derailed some previous reform efforts. House Speaker Michael Madigan, D-Chicago, said lawmakers could defer discussion of the cost shift if it meant a reform bill could be passed now without it.
Rep. Elaine Nekritz, D-Northbrook, said Sunday, when the House reconvened in Springfield, that she thinks the bill will be approved by the House Personnel and Pensions Committee, but she made no predictions beyond that.
A great battle for the treasury is brewing in Illinois.