Thursday, 09 May 2013 16:24
State Senator William Delgado (D-Chicago) joined with his colleagues to approve a measure that will help put the states pension system back on track.
“The state is currently putting more money into pensions then into public education,” stated Delgado. “This measure will lower our pension obligation and allow more funds to be put towards education and necessary public health services.”
Senate Bill 2404, a product of negotiations between public employees unions and the Senate President, is not only a cost savings measure, but is also fair to current and future retirees.
“This compromise will ensure the stability of the pension systems for future generations,” noted Delgado.