By a 6-4 vote, an Illinois House committee agreed on Wednesday to send a Cook County pension reform measure to the full chamber for consideration.
The legislation, which has already passed in the Senate, looks to tackle the county's pension system, which is $6.4 billion in the red, by adjusting the way in which cost-of-living increases are tabulated. Pension contributions and the retirement age would also increase for some workers, among other changes.
Starting in 2016, the county would have to pay approximately $145 million more into the pension system annually under the plan.
Some GOP lawmakers who have come out against the Cook County pension proposal are worried it could result in property tax hikes. Several unions oppose the pension measure, including AFSCME Council 31 and the Illinois Nurses Association. SEIU* Local 73 and the Teamsters back the pension plan.
*The SEIU Illinois Council sponsors this website.