by Stefano Esposito and Kate Grossman, Chicago Sun-Times
The four legislative leaders have
struck a tentative deal on solving Illinois’ $100 billion pension crisis, the
top Republicans in the House and Senate confirmed Wednesday.
“We have a deal,” House Minority Leader
Jim Durkin, R-Western Springs, told reporters at the Bilandic Building, where
leaders met Wednesday morning.
No details were offered by either him
or Senate Minority Leader Christine Radogno, R-Lemont, but Durkin said a vote
is expected next week.
“That’s our hope,” he said.
*****
According to the Chicago Sun Times
and Capitol Fax, the four legislative leaders have struck a tentative deal on
“Pension Reform”:
Three elements are
· Change to the COLA
· Defined Contribution Plan
· Adjustment to the Retirement Age
Vote is expected next week as both House and Senate will be in session on December 3, 2013.
*****
"House Speaker Michael Madigan's staff is putting together an 'explanatory memo' for lawmakers and will send details of the proposed legislation to them Friday, said Madigan spokesman Steve Brown. The Illinois House and Senate will consider the measure in a special session, which has been set for Dec. 3."
*****
This is the address for sending donations to the Legal
Defense Fund:
Illinois Retired Teachers Association
620 N. Walnut St.
Springfield, IL 62702
Please make your check payable to IRTA and write "Legal Defense Fund" on the check memo line.
Or
Go to the IRTA website and Click on Donate online at
http://www.irtaonline.org/Events.aspx#legal defense
Illinois Retired Teachers Association
620 N. Walnut St.
Springfield, IL 62702
Please make your check payable to IRTA and write "Legal Defense Fund" on the check memo line.
Or
Go to the IRTA website and Click on Donate online at
http://www.irtaonline.org/Events.aspx#legal defense
Thank you.
[You do not have to be retired or a member of IRTA to donate; however, one day you will be retired]!
[You do not have to be retired or a member of IRTA to donate; however, one day you will be retired]!
Stop messing with our Pension!! We have to live on it! Jim & Pat Weber
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