(AP) -- Lawmakers will have a new proposal on the table Wednesday as part of
efforts to fix Illinois'
multibillion-dollar pension crisis.
Democratic Rep. Elaine Nekritz and about a dozen other lawmakers are
expected to announce new legislation aimed at reducing the state's $95 billion
The plan calls for raising employee contributions and a tiered
retirement age. It also would phase in a plan to shift some of the costs for
teachers' pensions to school districts.
Illinois' pension crisis
is among the worst in the nation, but lawmakers have been unable to agree on
legislation needed to fix it.
It remains to be seen whether Gov. Pat Quinn or legislative leaders will
support this new proposal.
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