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Wed December 4, 2013
A Day After Passage, Pension Legislation Sent To Governor's Desk
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.