Springfield-- Illinois House Speaker Michael Madigan is proposing a comprehensive pension-reform package that caps the salary on which a pension can be based and limits annual cost-of-living increases.
The Chicago Democrat filed an amendment Tuesday to legislation that got Senate approval last month. Madigan plans a House committee hearing Wednesday.
The plan tweaks ideas proposed by Rep. Elaine Nekritz -- Madigan's leader on fixing a $96 billion pension deficit -- and House Republican Leader Tom Cross.
It would cap the total annual salary on which a pension could be based to $110,000. That's less than the $113,000 Social Security guideline originally proposed.
And instead of tying annual cost-of-living increases to $25,000, it would allow COLAs based on $1,000 per year of service.
Evangelist Franklin Graham prayed on a sidewalk outside the Pentagon Thursday after his invitation to a prayer service inside was withdrawn because of comments that insulted people of other religions. More>>
KEEP YOUR FAMILY SAFE WITH A NOAA WEATHER ALERT MONITOR WAND 17 has partnered with Midland Radio Corporation in offering NOAA Weather Alert Monitors. These monitors are available for sale in SchnucksMore >>
The Season of Change from winter to summer can bring dangerous severe weather. That's why StormCenter 17 is dedicating our weather resources to keep your family safe. Through the coming months you willMore >>