1.) State Employees pay a higher percentage of a monthly salary into the pension fund; 2.) State contributions to the pension fund shift to the budgets of local governments and public universities/colleges; 3.) Cost of living increases curtailed or limited for pensioners; 4.) Increased costs for health care placed on pensioners (this legislation is waiting for Governor Patrick Quinn’s signature; see article below); 5.) Increase the age limit of when an employee can take a pension; 6.) Increase the burden of working after retirement -- in terms of reduced pensions or cost -- to the public university/college.
THE GOVERNOR has asked business leaders to back his pension reforms and pressure the General Assembly to pass them (see http://www.sj-r.com/top-stories/x85614209/Quinn-Reform-plans-a-rescue-operation), while opposition is gearing up (see : http://www.sj-r.com/breaking/x1986333006/Unions-gear-up-to-oppose-pension-changes).
IN THE end, whatever happens this week or the next, if legislation is signed into law it is likely to be challenged in court.