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Lawmakers Pass Pension Reform Legislation

SPRINGFIELD - The Illinois legislature has approved a plan to eliminate the state's $100 billion pension deficit. Late Tuesday afternoon, the Senate voted 30 to 24 while the House voted 62 to 53 in favor of the plan.
SPRINGFIELD - The Illinois legislature has approved a plan to eliminate the state's $100 billion pension deficit.  Late Tuesday afternoon, the Senate voted 30 to 24 while the House voted 62 to 53 in favor of the plan.  The legislation, which is slated to save the state $160 billion over 30 years, will now be sent to Governor Quinn who has said he'll sign the measure.  Public employee unions say they'll take legal action to stop the legislation.  Union officials say the action is unfair to workers and retirees who will now see benefit cuts. They also argue the legislation is unconstitutional.
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