{"id":449191,"date":"2010-03-19T17:31:13","date_gmt":"2010-03-19T21:31:13","guid":{"rendered":"tag:typepad.com,2003:post-6a00d8341c60fd53ef01310fbdafe0970c"},"modified":"2010-03-19T17:31:13","modified_gmt":"2010-03-19T21:31:13","slug":"house-plan-would-trim-pensions-for-lawmakers-judges","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/449191","title":{"rendered":"House plan would trim pensions for lawmakers, judges"},"content":{"rendered":"<p><em>Posted by Michelle Manchir<\/em> at 4:30 p.m.<\/p>\n<p>SPRINGFIELD &#8212; Future lawmakers and judges would have to wait longer to retire and their pension checks would be scaled back under a measure the Illinois House passed today.<\/p>\n<p>The measure was sent on a 109-0 vote to the Senate, which is working on its own version of changes to public employees&#8217; pensions as state officials try to dig out of a huge budget hole.<\/p>\n<\/p>\n<p>The state faces a pension liability of tens of billions of dollars \u2013 the most owed out of any state in the nation, according to a recent report by the Pew Center on the States.<\/p>\n<p>The measure would raise retirement age for full benefits from 55 to 67 for future lawmakers and 60 to 67 for future judges after July 1. They could retire before 67 under the new plan, but the benefits would be lower. <\/p>\n<p>The measure also caps an official&#8217;s retirement check, which is a percentage of a salary based on years served. <\/p>\n<p>Lawmakers and judges already in office would remain on the more lucrative plan.<\/p>\n<p>The proposed changes were estimated to save more than $1.5 billion over 35 years.<\/p>\n<p>Even so, the proposal still would allow judges and lawmakers to be eligible for more generous pensions than most rank-and-file state employees.<\/p>\n<p><\/br>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Posted by Michelle Manchir at 4:30 p.m. SPRINGFIELD &#8212; Future lawmakers and judges would have to wait longer to retire and their pension checks would be scaled back under a measure the Illinois House passed today. The measure was sent on a 109-0 vote to the Senate, which is working on its own version of [&hellip;]<\/p>\n","protected":false},"author":3992,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-449191","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/449191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/3992"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=449191"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/449191\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=449191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=449191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=449191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}