Lawmakers Skeptical New Pension Deal Can Pass This Spring - NBC Chicago
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Lawmakers Skeptical New Pension Deal Can Pass This Spring



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    Some Illinois lawmakers are skeptical the Legislature can pass a new pension overhaul this spring despite pressure from Gov. Bruce Rauner and major credit rating agencies.

    Democratic Rep. Elaine Nekritz is chairwoman of the House pension committee, which is holding a hearing Wednesday. She calls the odds of a deal before the session ends May 31 "slim."

    The Illinois Supreme Court last week ruled a 2013 pension overhaul unconstitutional.

    Rauner wants legislators to approve a proposal to let workers keep benefits earned to date but move them to a less-generous plan going forward. He also wants a constitutional amendment to allow future benefits to be cut.

    Illinois High Court Overturns Pension Law

    [CHI] Illinois High Court Overturns Pension Law
    Both Gov. Bruce Rauner and Mayor Rahm Emanuel dismissed the ruling as if it were just a bump in the road. NBC Chicago's Carol Marin reports.
    (Published Friday, May 8, 2015)

    Senate President John Cullerton is pitching his own plan. But his spokeswoman says "what's important is to get it right," not a specific timeline.

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