SPRINGFIELD, IL (IRN) – Illinois lawmakers are looking at a plan to cut pension benefits for lawmakers and no one else. The measure would eliminate pensions for future legislators.
The head of a House pension committee said today that proposals involving others, such as state employees and teachers, do not have enough votes to pass. State Rep. Elaine Nekritz (D-Northbrook) says lawmakers cutting their own pensions would at least show the General Assembly is serious.
The Illinois House could vote on the proposal later today. A similar bill has been filed in the Senate, too.
The measure would give current legislators a choice of smaller growth in their pension checks or losing their free health insurance. Future lawmakers would not get any state retirement benefits at all.