Illinois House plans hearing on pension-reform package Monday
BY DAVE MCKINNEY AND ZACH BUCHHEIT Staff Reporters
Illinois Rep. Elaine Nekritz, D-Des Plaines, speaks to reporters after a House committee hearing at the Illinois State Capitol Sunday, Jan. 6, 2013 in Springfield Ill. Nekritz says since the Senate didnt vote on assault weapons legislation, the House probably wont either during the lame duck session.(AP Photo/Seth Perlman)
Updated: January 7, 2013 2:15AM
SPRINGFIELD — Cost-of-living increases for state retirees and Downstate and suburban teachers would freeze for six years, and no one would be eligible for that perk until turning 67 under a pension-reform package expected to surface Monday in the Illinois House.
While the House was poised to advance its own solution to Illinois’ $95 billion pension crisis, no signs emerged Sunday to suggest the Democratic-led House or Senate were any closer toward reconciling major differences in their approaches to state government’s biggest financial conundrum.