TRIBUNE: Madigan pension reforms pass House


The Illinois House today approved a far-reaching pension reform plan pushed by Speaker Michael Madigan that is headed for an uncertain fate in the Senate.


The proposal aims to erase the state’s nearly $100 billion pension debt by scaling back cost-of-living increases, raising the retirement age for young workers and requiring employees to take more out of their paychecks. It applies to Downstate and suburban teachers, rank-and-file state employees, legislators and university employees.


“The time has come for this bill,” said Madigan, D-Chicago.


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