Democratic state leaders offer pension reform proposal - – Rockford’s News Leader

Democratic state leaders offer pension reform proposal

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Lawmakers offer a new proposal to fix Illinois' $95 billion pension crisis.

According to Democratic State Representative Mike Zalewski, the proposal calls for employees to contribute 2% more to their own retirement funds, forcing younger employees to work longer before they can retire. Also, the cost of teachers' retirement contributions would shift to school districts. State representatives plan to introduce the legislation Wednesday. Republicans oppose the cost-shift to local school districts, saying it would lead to a tax increase.

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