Judge Delays Implementation of Pension Reform in Illinois
A coalition of retiree groups, unions and state workers won a temporary restraining order and preliminary injunction yesterday that will delay significant reforms to the Illinois public retirement system from taking effect on June 1. Lawyers for the coalition argued that the reforms, which were signed into law by Gov. Quinn in 2013 to help solve the state’s $100 billion pension shortfall, are unconstitutional. A status hearing for the case is scheduled for May 22.
Read more at the Peoria Journal Star.