Coalitions of unions propose solutions to pension crisis
CHICAGO (AP) -- Public employees say they're willing to contribute more money toward their retirements if the state of Illinois can guarantee that it will fully meet its pension obligations.
A coalition of unions called "We Are One Illinois" released a study Wednesday blasting two pension proposals before lawmakers. It also proposed solutions.
The group includes unions representing teachers, police officers and government workers. It says they're willing to pay another 2 percent -- roughly $350 million -- of their salaries if the state can guarantee pension payments.
Illinois has the worst-in-the-nation pension problem with more than $95 billion in unfunded liability.
The group's other recommendations include closing tax loopholes to bring in $2 billion in revenue and hosting a pension summit next month.