Statehouse
9:43 am
Tue December 3, 2013

Unions Make Last Pitch To Derail Pension Measure

Union members rallied at the statehouse in January 2013.
Union members rallied at the statehouse in January 2013.
Credit npr.org

Illinois unions are working to squelch a plan aimed at
solving the state's $100 billion pension problem hours before an expected vote.
 
Members of the ``We Are One Coalition'' representing major state unions told a
bipartisan legislative panel Tuesday morning that the $160 billion savings plan
is unfair to retirees.
 
Dan Montgomery of the Illinois Federation of Teachers says there is ``no
victory in a public policy that will not work.'' He says adjustments to cost of
living increases will diminish the value of retirees' pensions over time.
 
Illinois has the nation's worst-funded state pension systems.
 
Legislative leaders announced the agreement last week and the deal is expected
to come up for a vote in the House and Senate on Tuesday.