What does Tuesday’s pension vote mean?
Tuesday, the Illinois Legislature approved a history plan to eliminate the state’s $100 billion pension shortfall, considered the worst in the nation. The House voted 62-53 in favor of the plan, and the Senate approved the measure minutes earlier. The bill, however, passed with little support from East Central Illinois lawmakers.
How will it help the state’s budgetary woes and what will it mean for state employees? Does it violate the state’s pension protections spelled out in the Illinois constitution? This hour on Focus, host Jim Meadows talks with Illinois Public Radio’s Statehouse Bureau Chief Amanda Vinicky and former Illinois State Senator Rick Winkel about what’s in the bill and what it means.