State pension committee meets for first time Thursday

Jun 25, 2013

The latest effort to reach a compromise on a state pension overhaul involves a special panel of lawmakers.   The Illinois House and Senate conference committee was created to work out a deal that has, so far, eluded the legislature. GOP representative Jil Tracy of Mount Sterling is one of four Republicans on the ten-member panel which meets for the first time Thursday. She thinks they can come to an agreement:

 “We just have a huge task that we have to get done.  I mean, that's it.  Everyone in Illinois is counting on us.  We have to come up with something and I think we will.”

 In the spring session, Tracy backed a plan that would force employees to work longer, pay more and receive less money in retirement.    She says she would have supported a competing plan with less severe cuts to state employees, university workers and teachers, but that measure was never called for a vote in the House.Tracy says Illinois must address the issue to make sure the pension systems do not collapse.