Saturday, May 18, 2013

Latest local news, weather and high school sports for Tri-State area

Pension reform a heated topic in Springfield
Posted: 05.30.2012 at 8:15 AM
KHQA Newsdesk
0
Photo

SPRINGFIELD, ILL. (AP) -- There was heated debate Tuesday in Springfield as lawmakers discussed a plan to cut government pensions and shift some retirement costs to schools.

The House approved the measure to reduce annual cost-of-living increases for public employees like state workers, university staff and downstate teachers.

It also gradually makes schools and universities pay the cost of retirement benefits for their employees, as Chicago schools already do.

Opponents argue schools would be stuck with a huge expense at a time when money is already tight.

However, House Speaker Michael Madigan said the shift would make schools come up with the money they promise to their employees. He says that's the American way.

A House pension committee approved the bill 6-3 Tuesday.

(Copyright ©2012 by The Associated Press. All Rights Reserved.)

Related Links

Popular Stories
Thumbnail
Terrorism conspiracy charge for Fort Madison man
KHQA Newsdesk  |  Yesterday at 4:01 PM  |  7 comments
Thumbnail
QHS sophomore credited for saving man's life
Jim Whitfield  |  Yesterday at 4:44 PM  |  2 comments
Follow Connect Tri-States
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Home & Garden
Home and garden info from our experts
Beauty & Wellness
Beauty and wellness info from our experts
Expert Connect Legal
Legal info from our experts
Senior Living
Info on senior living from our experts
ADVERTISEMENT