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Tuesday, November 29, 2011

House Vote on Pension Reform Bill Expected Today

The House is expected to vote today on Senate Amendments 1 and 2 to House Bill 3813.   The bill, as amended by the Senate, is intended to close certain loopholes in the Illinois Pension Code to address recent situations that have allowed union leaders to collect both a government and union pension for the same service time or to base their government pension on their higher salary earned while employed with a labor union. The bill will affect police officers, firefighters, state university employees and downstate teachers, among other government employees. The bill also requires reporting of fraudulent activity to be reported to the applicable pension fund or state's attorney and changes the method for calculating "final average salary" for certain Chicago employees. 

UPDATE 11/29/11 - House Bill 3813 passes both houses and is sent to the Governor.


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