CHICAGO (AP) — Public employees cranked up pressure on lawmakers Wednesday to address Illinois' worst-in-the-nation pension problem, saying they'd be willing to contribute more money toward their retirements and plan to host a pension summit after the new Legislature is sworn in next month.
A coalition of unions released a study blasting two proposed pension overhauls and making recommendations to address the state's approximately $95 billion in unfunded liability. Their recommendations include closing tax loopholes to bring in an estimated $2 billion in revenue for the state.
The group, called We Are One Illinois, said union employees would be willing to put in 2 percent more of their salaries, which equals about $350 million, toward their retirements, if the state could guarantee that it would fully pay its pension obligations.
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