Pension Plan Goes to Illinois House, Senate

SPRINGFIELD, Ill. (AP) -- A bipartisan committee of lawmakers has approved a plan to deal with Illinois' $100 billion pension problem. The measure now heads to the House and Senate for consideration.

The Associated Press confirmed a vast majority of the 10-member panel that had signed the measure Monday after arriving in Springfield for a special session. They include Sen. Kwame Raoul, a Chicago Democrat and chair of the committee and pension leader Rep. Elaine Nekritz, a Northbrook Democrat.

The others were: Rep. Darlene Senger, R-Naperville; Rep. Mike Zalewski, D-Riverside; Rep. Art Turner, D-Chicago; Sen. Bill Brady, R-Bloomington; Sen. Matt Murphy, R-Palatine; Sen. Daniel Biss, D-Evanston; and Rep. Jil Tracy, R-Quincy.

Leaders announced the plan last week.

The proposal is estimated to save $160 billion over 30 years.
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The bill is SB1



 
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