A Day After Passage, Pension Legislation Sent To Governor's Desk

Dec 4, 2013

A bill aimed at fixing Illinois' hundred billion pension crisis is before Gov. Pat Quinn.  
A spokeswoman for Senate President John Cullerton said Wednesday that the bill had been sent to Quinn.  
The move came a day after the Illinois General Assembly approved the bill that is estimated to save the state $160 billion over the next 30 years.  

The plan reduces benefits for current and retired public employees. Among other things, it also raises the retirement age on a sliding scale for some employees.  

Quinn has said he will sign the bill ``promptly.''  
Once signed, the law would take effect in June. However, unions that have been saying the bill is unfair and unconstitutional have vowed to sue.