This is a premium article. Please subscribe to view all content.


Latest proposal to ease Illinois pension crisis: lump-sum pension payouts

Feb 29, 2016

Illinois pension Rep. Mark Batinick, R-Plainfield, explains his lump-sum pension bill during a hearing before the House Personnel and Pensions Committee on Feb. 29, 2016.

SPRINGFIELD — Lawmakers are in very early talks about giving retired government workers a choice much like lottery winners: Collect the Illinois pension benefits owed to them over several years, or cash out immediately but with a smaller lump sum.

The House Personnel and Pensions committee discussed the idea Monday with the overall goal of reducing Illinois’ massive unfunded pension obligations, which now exceed $111 billion.


No subscription? You’re missing out.

Join us. There has never been a more critical time to Reboot Illinois...

share to facebook share to twitter comment
Be the first to respond to this quote.
Add a Comment commt