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GOP plan to trim Illinois pension debt via exchange option
GOP lawmakers pitched a voluntary exchange option for state employees near retirement to take a lump sum for part of their pension instead of an annuity. The plan aims for small savings amid Illinois multibillion-dollar unfunded liability, with mixed views from Democrats and unions on constitutional and fiscal merits.
MENTIONED IN THIS ARTICLE
Chicago
Illinois
Mark Batinick
Illinois House
Exchange
Plainfield Republican
Batinick
Minors Supreme Court
Lisa Madigan
U. S. Supreme Court
Elaine Nekritz
Northbrook
House Pension Committee
Nekritz
We Are One
Bill Looby
Steve Brown
Michael Madigan