Eye On Weather

79°F
Sponsored by

Lawmakers running out of time to solve pension problems

SPRINGFIELD -- The clock is ticking for lawmakers to pass pension reform.
SPRINGFIELD -- The clock is ticking for lawmakers to pass pension reform. New numbers are in on one proposal, Senate Bill One.

Experts now calculate it could save the state $187 billion over 30-years, knocking $21 billion off the state's unpaid pension liability, which is nearing $100 billion.

The bill would increase employee pension contributions by 2% and change the formula for calculating retirees' cost-of-living increases.
Page: [[$index + 1]]
comments powered by Disqus

Do You Have a News Tip?


If you have any story ideas or a news tip,  let our news desk know.