Madigan: Retirement age won't be raised to 67
- Category: Chicago
- Published on Friday, 25 May 2012 00:00
- Written by The Chicago Defender
- Hits: 666
Madigan told The Associated Press Thursday that he will not raise the retirement age as part of package to cut pension costs. The Chicago Democrat says delaying retirement for current state workers would violate the Illinois Constitution.
Gov. Pat Quinn had proposed delaying retirement to 67 to help close an $83 billion gap in public pension programs.
Madigan also says he wants to phase in a requirement that public school districts share in the cost of teacher pensions.
Copyright 2012 The Associated Press.