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October 22, 2014, 11:29 pm
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Stage Set for Competing Pension Reform Plans


The Illinois Senate has approved a pension reform plan backed by Senate President John Cullerton and public sector unions… setting the stage for a potential showdown between that plan and a more stringent one with bigger cost savings, favored by House Speaker Mike Madigan.

 

Just as the Cullerton plan has cleared the Senate, the Madigan plan has already gotten a thumbs-up from the House… but it’s unclear how either bill will do in the opposing chamber.

 

Madigan says his plan will make a bigger dent in the state’s pension crisis, but Cullerton says his has a better chance of surviving a legal challenge.

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