Thursday, July 17, 2014

Pension Reform May Require Change in Illinois Constitution

“If the state's new pension law is found unconstitutional, which looks more likely in light of a recent Illinois Supreme Court decision, one obvious remedy is to amend the constitution.

“’We need that flexibility,” said Rep. Joseph Sosnowski, R-Rockford, who introduced a constitutional amendment proposal last year that died in committee. “Now, based off this court ruling, this may be our last ability to look at trying to modify pensions.”’ He plans to re-introduce his proposed amendment in the spring, “’especially in light of the court's decision.”’ READ MORE

Title: “Amending the Illinois Constitution a tough path for pension reform”
Author: Paul Merrion
Source: Crain’s Chicago Business
Date Published: July 16, 2014

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