Make us your homepage!
Subscribe for FREE
Local Sports News
St Louis Cardinals News
AP Sports News
Live Event Schedule
Events this Weekend
Illinois State News
Wedding Anniversaries and Engagements
Business to Business
Health and Fitness
Lost & Found
Wanted To Buy
Commercial for Lease
For Sale By Owner
Events This Weekend
River Bend Alumni
By John Gregory - Illinois Radio Network
WBGZ Radio 6/29/15
back to Articles
A three-part solution to the state's pension problems is being suggested by a tax advocacy group.
Step one, according to Jared Labell, director of operations for Taxpayers United of America, is changing the pension protection clause in the Illinois Constitution.
"Our proposals would be a constitutional amendment. Something that is fair to both taxpayers and government employees, and it has to be on the ballot for 2016 for reforms," Labell said.
Click here for summary
The clause was what killed the 2013 pension reform law, though Labell says that legislation didn't go far enough.
The second step the group is recommending is increasing employee contributions by 10 percent, which Labell says will save the state $150 billion over the next 30 years.
The final step is passing a law to allow municipalities to declare bankruptcy.
(Copyright WBGZ Radio / www.AltonDailyNews.com )
Recent News Stories
Grading Illinois Forfeiture Laws
New Look at Ed Funding
Lopes Declared Sexually Dangerous
Finances Dominate School Discussion
Drug Raids Net Three Suspects
State Launches Career Planning App
Coal Rules Rollback Expected
Bankruptcy Option for Illinois Cities?
Guilty Plea in Counterfeiting Case
New Rules for County IMRF Participation
Sheriff's Employees Donate Coats
Godfrey Mayor To Attend Inauguration
Congressmen Watch For Ag Secretary Appointment
Busy Year for Illinois State Police
Confluence Tower Reschedules Itchy Bros.
Substitute Teachers Needed
Alton Electoral Board to Meet Friday
Effort to Abolish the "Death Tax"
State Says It's Ready For Strike
Obama Commutes Sentence of Godfrey Woman
Subscribe for FREE today.
Get breaking news, sports, obits, shop local deals, weather forecasts, classifieds, video and more delivered directly to your email inbox.
We want to hear from you.
Provide your thoughts and comments below.