As state pays more for pensions in 2013, there’s less money for schools, police, and Medicaid.
Legislative leaders will revisit the subject of pension reforms in five weeks.
Illinois House Minority Leader Tom Cross says the bill would stop state lawmakers from padding their pensions by taking better-paying jobs in government.
Governor Pat Quinn says it’s too soon to talk about that scenario and he’s is dealing with the budget one year at a time.
“We are at a point in this state, in order to literally survive financially and get our heads above water.”
Illinois has the worst underfunded pension system in the nation.