Retired Illinois teachers sue state over pension law - New York News

Retired Illinois teachers sue state over pension law

Posted: Updated:

By SARA BURNETT

Associated Press

CHICAGO (AP) -- A group of retired Illinois teachers and administrators have filed a lawsuit seeking to have a new plan to reduce the state's $100 billion pension shortfall declared unconstitutional.

Eight former teachers and administrators filed the lawsuit Friday in Cook County Circuit Court.

The long-anticipated legal challenge comes less than a month after Gov. Pat Quinn signed the measure into law.

The plan is estimated to save the state $160 billion, largely by cutting benefits for employees and retirees.

Opponents say it violates a provision of the Illinois Constitution that says pension benefits may not be diminished.

Quinn and other supporters of the plan believe the Illinois Supreme Court will uphold it. They say that's because the law is necessary to repair the state's finances and ensure retirement funds remain solvent.

Follow Us!

Share Your Photos & Video

  • Politics NewsMore>>

  • Mixed feelings over commuter tax proposal

    Mixed feelings over commuter tax proposal

    Tuesday, April 15 2014 1:19 PM EDT2014-04-15 17:19:31 GMT
    An alderman, who first told FOX 32 News about his city income tax proposal two weeks ago, offered new details Monday and won praise from the Chicago Teachers Union.
    An alderman, who first told FOX 32 News about his city income tax proposal two weeks ago, offered new details Monday and won praise from the Chicago Teachers Union.
  • Quinn to tour state promoting housing program

    Quinn to tour state promoting housing program

    Monday, April 14 2014 1:59 PM EDT2014-04-14 17:59:23 GMT
    Illinois Gov. Pat Quinn is hitting the road to trumpet his program aimed at helping first-time homebuyers.
    Illinois Gov. Pat Quinn is hitting the road to trumpet his program aimed at helping first-time homebuyers.
  • Illinois House OKs bill to give pregnant employees new rights

    Illinois House OKs bill to give pregnant employees new rights

    Friday, April 11 2014 11:51 PM EDT2014-04-12 03:51:44 GMT
    A proposed state law would offer pregnant women additional protection at work.
    A proposed state law would offer pregnant women additional protection at work.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices