The University of Illinois at Urbana-Champaign's Campus Faculty Association will not support either pension reform bill currently being considered in the Illinois General Assembly.
The Illinois Senate has passed chamber President John Cullerton's pension reform bill, which is seen as a compromise bill between the legislator and labor.
The Illinois Retired Teachers Association said the latest pension plan from Illinois Senate President John Cullerton is unconstitutional. The association warned that it would sue if the bill becomes law.
The We Are One Coalition of labor unions and their advocates has reportedly reached an agreement with Illinois Senate President John Cullerton on the issue of pension reform.
The House Personnel and Pensions Committee passed a pension reform
bill to the full House yesterday, touting the bill will result in $28 billion to $29
billion in debt reduction to Illinois.
Gov. Pat Quinn
turned up the rhetoric on pension reform during today’s state budget address,
largely putting the blame on lawmakers for their failure to act.
