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Madigan: Retirement age won't be raised to 67

  • Written by The Chicago Defender
  • Published in Chicago
SPRINGFIELD, Ill. (AP) — Illinois House Speaker Michael Madigan says it would be unconstitutional to force current state employees to work to age 67 before collecting full retirement benefits.

Madigan told The Associated Press Thursday that he will not raise the retirement age as part of package to cut pension costs. The Chicago Democrat says delaying retirement for current state workers would violate the Illinois Constitution.

Gov. Pat Quinn had proposed delaying retirement to 67 to help close an $83 billion gap in public pension programs.

Madigan also says he wants to phase in a requirement that public school districts share in the cost of teacher pensions.

Copyright 2012 The Associated Press.

Read more http://www.chicagodefender.com/article-12690-madigan-retirement-age-wont-be-raised-to-67.html

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