January 6, 2012
Illinois pension reform signed into law
Public employees can no longer rely on some loopholes to inflate their state benefits, including one that allowed two union officials to qualify for teachers’ retirement perks after a single day in the classroom, under a law signed Thursday.
The law, which takes effect immediately, also aims to end the practice of double dipping. In some cases —notably in the Chicago area — employees took leaves of absence from city jobs, took full-time union jobs, then collected pensions from both.
The legislation also says current union leaders can’t base public pensions on union pay checks; now their pay will be based on their salaries when they leave their government jobs...
LINK - SJ-R.com
