"Pension reform, RIP?
In a case with ominous implications for the state's pension reform law, the Illinois Supreme Court ruled today that the state constitution prevents any diminishment of health care benefits for retired state employees.
According to the 6-1 decision, the pension protection clause -- which says that retirement benefits are a contractual agreement that “cannot be diminished or impaired” -- applies to other retirement benefits, not just pensions. That overrode the state's argument that its emergency powers, in dealing with its budget crisis, justified an increase in what retirees must pay for their health benefits." READ MORE
Title: "Pension reform dealt blow by Illinois Supreme Court"
Author: Paul Merrion
Source: Crain's Chicago Business
Date Published: July 3, 2014