Illinois House Committee Oks Pension Overhaul Plan - KWQC-TV6 News and Weather For The Quad Cities -

Illinois House Committee Oks Pension Overhaul Plan

Updated:
  • Most Popular StoriesMost Popular Stories

  • Friday, May 17 2013 2:23 PM EDT2013-05-17 18:23:07 GMT
    You're eyes aren't seeing things. Gas prices are headed higher in the Quad Cities and other parts of the country. "I spent 50 bucks on 11 and half gallons of gas", laughs Carine Iverson. She had another
    You're eyes aren't seeing things. Gas prices are headed higher in the Quad Cities and other parts of the country. "I spent 50 bucks on 11 and half gallons of gas", laughs Carine Iverson. She had another
  • Friday, May 17 2013 5:58 PM EDT2013-05-17 21:58:46 GMT
    The Geneseo Police Department is looking for information from anyone who may have witnessed a fake traffic stop. On Thursday, May 16, 2013 at around 5:50 a.m. a dark colored passenger care made a traffic
    The Geneseo Police Department is looking for information from anyone who may have witnessed a fake traffic stop. On Thursday, May 16, 2013 at around 5:50 a.m. a dark colored passenger care made a traffic
  • Friday, May 17 2013 11:17 PM EDT2013-05-18 03:17:16 GMT
    A warning about a new synthetic drug reaching our streets. Like K2, and bath salts before it, this new drug, 2CE can be bought legally. Health officials say 2CE causes someone to hallucinate. Mimicking
    A warning about a new synthetic drug reaching our streets. Like K2, and bath salts before it, this new drug, 2CE can be bought legally. Health officials say 2CE causes someone to hallucinate. Mimicking

SPRINGFIELD, Ill. (AP) - An Illinois House committee has given the go-ahead to a long-awaited plan to address Illinois' pension crisis.

The proposal the panel approved 6-3 on Monday calls for higher employee contributions and freezes retirees' cost-of-living increases. It now heads to the House floor.

The amended bill emerged over the weekend when the House reconvened for the final days of the lame-duck session. It doesn't contain a provision to make suburban and downstate schools pick up pension costs, something that previously had been a sticking point.

Gov. Pat Quinn and House Minority Leader Tom Cross back the bill. Quinn had set a deadline for pension legislation for Wednesday, when new lawmakers take office.

Illinois has the worst-in-the-nation pension problem with roughly $96 billion in unfunded liability.