New pension fix proposal shot down by Quinn
(MCT) — A top House Democrat on Wednesday suggested a new plan to fix the state's massively indebted retirement system: Make the temporary income tax hike permanent, have state workers and teachers chip in more toward their pension and raise the retirement age for full benefits to 67.
The proposal by Rep. Lou Lang of Skokie drew criticism from Democratic Gov. Pat Quinn, who said a pension fix needs to have more reforms than simply additional tax money.
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