SPRINGFIELD, Ill. (AP) -- Illinois lawmakers have quickly advanced - TopicsExpress



          

SPRINGFIELD, Ill. (AP) -- Illinois lawmakers have quickly advanced a plan to overhaul Cook Countys pension system by increasing county payments and reducing some benefits for employees. The Senate voted 36-16 on Tuesday to approve the changes that Cook County President Toni Preckwinkle says are necessary to keep the retirement system from dissolving in a couple of decades. The measure calls for a roughly $145 million increase in the countys payment in 2016. The proposal would increase the retirement age, contributions and change the cost-of-living adjustments.
Posted on: Wed, 28 May 2014 17:17:08 +0000

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