The state would take 3% of every paycheck and invest it in a state retirement plan. Everyone who qualifies would be enrolled automatically, but you could opt out. If you forget to do that, you'd be stuck with it. Champaign County business leaders say they don't like the idea.
"They want to force people to save for retirement," said Champaign County Chamber of Commerce President Laura Weis. "Quite honestly, given the state of Illinois' fiscal health, I'm not sure why anyone would want trust the state of Illinois with their retirement money."
The bill has already gone through some revisions and is heading to the House floor.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.