Pension reform to get fresh look in the 2011
SPRINGFIELD, Ill. (IRN) — Another attempt at “pension reform” in Illinois is possible when the General Assembly is back in Springfield next month.
This time, under a House Republican-backed plan, current public employees would see changes in the way they earn future benefits. The proposal, crafted by the Commercial Club of Chicago, would include workers being given a choice of future pension contributions to include the current plan but at a higher cost; and a 401(k)-style plan.
Not surprisingly, there’s disagreement. Anders Lindall, spokesman for the American Federation of State, County, and Municipal Employees (AFSCME) Council 31, says the idea is unconstitutional and that the plan’s supporters would just as soon let the courts sort it out. Lindall says there’s not time for that.
Reported by: Dave Dahl
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