• Illinois Senate rejects House pension-reform bill

    by  • May 30, 2013 • News

    (AP) — The Illinois Senate has rejected a plan pushed by the House to solve the state’s pension crisis. illinois_senatex400

    The proposal pushed by House Speaker Michael Madigan failed Thursday evening, with 16 voting “yes” and 42 voting “no.” The vote left lawmakers without a solution to the pension issue with only one day left before the Legislature’s scheduled adjournment.

    The House-backed plan would cut benefits and increase contributions for employees to help cut a $97 billion debt in five pension systems.

    But Senate Democrats prefer a plan by Senate President John Cullerton which offers employees a choice of benefits to forgo. He says that plan would survive a court challenge.