Crain’s Chicago Business reports that Illinois’ Labor Unions are unhappy with the most recent proposed pension “fix”. At this time, it appears that firefighters’ and police officers’ pensions are not effected by the latest proposed legislation. However, that can change. The Springfield Journal Register published some of the details of the proposed legislation. http://www.sj-r.com/breaking/x65624360/Illinois-House-speaker-eases-pension-reform-stance?zc_p=1
Reimer & Dobrovolny’s attorneys are monitoring this legislation and will continue to update its clients regarding any relevant pension changes. We are making more frequent updates regarding this legislation via our Twitter account: @ReimerKarlson.
A link to the Crain’s article is below: