A union-backed pension reform bill sponsored by Senate President John Cullerton passed the Illinois Senate 40 to 16 Thursday.
The bill provides workers and retirees with a choice in retirement benefits and Cullerton claims it is the only fix to the state's pension crisis that will hold in court.
The measure will now move to the Illinois House, where legislators passed House Speaker Michael Madigan's competing pension plan last week. Madigan claims his bill would save Illinois three times more than Cullerton's.
If Madigan's bill makes it into law, public employee unions have said they would file suit. They claim the proposal violates a state constitution clause that prohibits the reduction of pension benefits.
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