The latest battle between organized labor and states trying to fix huge budget problems by cutting pension costs has surfaced in Illinois, where public union leaders are waging an all-out effort to stop the Democrat-led campaign.
Details of a plan reached last week appear to show state legislative leaders are attempting to solve Illinois' $100 billion pension crisis in part by changing workers' retirement age, reducing automatic pension increases and limiting their collective-bargaining privileges.
Union leaders argue the plan to help the under-funded pension plan, which appears to have bipartisan support, seems no different than the one the General Assembly rejected earlier this year.
“It’s an unfair, unconstitutional scheme that undermines retirement security,” the We Are One Illinois labor coalition said last week as details of the plan emerged. "It’s no compromise at all with those who earned and paid for their retirement benefits. In fact, reports suggest the leaders have repackaged Senate Bill 1 and barely bothered to disguise it.”
Rank-and-file state lawmakers were briefed on the plan Friday, and a vote could come as early as this week.
