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October 24, 2014, 5:20 am
970 WMAY News

New State Pension Proposal


There’s another new pension proposal on the table at the State Capitol… and this one comes from one of the top dogs himself. House Speaker Mike Madigan has added his own amendment to an earlier bill sponsored by Senate President John Cullerton.

 

Madigan’s proposal is similar to an earlier bipartisan effort which passed the House and is pending in the Senate, but makes some modest changes to that bill’s provisions on cost-of-living increases and on guarantees of state funding for pension requirements. Madigan’s amendment will go before the House Personnel and Pensions Committee on Wednesday.

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