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The Daily Register - Harrisburg, IL
  • Illinois lawmakers plan new pension proposal

  • SPRINGFIELD (AP) — A group of lawmakers is offering a new proposal to fix the state's longstanding pension crisis.
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  • (AP) — A group of lawmakers is offering a new proposal to fix the state's longstanding pension crisis.
    Democratic state Rep. Mike Zalewski of Summit said Tuesday that the proposal calls for employees to contribute 2 percent more to their own retirement funds. It also would require younger employees to work longer before they can retire, and would shift some of the cost of teachers' retirement contributions to school districts.
    Democratic Rep. Elaine Nekritz of Northbrook and other state representatives are expected to introduce the legislation Wednesday. Among the group of about a dozen lawmakers are at least two Republicans
    Republicans have opposed the cost shift to local school districts, saying it would lead to a tax increase.
    Illinois has unfunded pension liabilities of $95 billion.

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