Senate Democrats Want Union-Backed Pension Deal
Senate President John Cullerton says lawmakers believe the House bill sponsored by Speaker Michael Madigan would be found unconstitutional because it unilaterally cuts benefits. The union-backed measure gives workers and retirees a choice of benefit packages.
For example, if workers choose to receive health insurance in retirement they would receive smaller cost-of-living increases. Those who choose to keep 3 percent cost-of-living increases compounded annually wouldn't get health insurance.
Cullerton says the plan could save around $46 billion and would survive a court challenge. He says Madigan supported a similar measure last year, and he expects bipartisan support for it. A Senate committee could hear the bill Wednesday.
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