Judge Hears Arguments For, Against IL Pension Law
A Sangamon County judge says he'll issue a ruling Friday over the constitutionality of Illinois' pension overhaul.
Attorneys wrapped up oral arguments Thursday over whether the Illinois Constitution bars lawmakers from cutting their pension benefits.
Lawmakers and Gov. Pat Quinn approved a law in December 2013 overhauling the operation of Illinois' pension systems.
Years of underfunding have put them roughly $100 billion short of what they need to cover benefits promised.
The law reduces benefits for retirees, but also reduces employee contributions.