Tuesday, December 3, 2013

Illinois Pension Reform Bill Approved By State Lawmakers



SPRINGFIELD, Illinois, Dec 3 (Reuters) - The Illinois House and Senate approved a long-awaited measure on Tuesday to reform the nation's worst-funded state public pension system.



The measure, championed by Democrat and Republican legislative leaders, passed the Senate in a 30-24 vote and the House in a 62-53 vote. The bill is expected to save Illinois about $160 billion over 30 years.





from Chicago - The Huffington Post http://www.huffingtonpost.com/2013/12/03/illinois-pension-reform_n_4380264.html?utm_hp_ref=chicago&ir=Chicago

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