State shortfall, estimated at $111 billion, among worst in nation
Illinois AFL-CIO President Michael Carrigan addressed the media outside the Illinois Supreme Court in Springfield in March, following oral arguments in the lawsuit over the state pension overhaul. PHOTO: SARA BURNETT/ASSOCIATED PRESS
The Illinois Supreme Court declared in a ruling Friday that the state’s landmark 2013 pension overhaul violates the state constitution, unraveling an effort by state lawmakers to rein in benefits for a public-sector pension system they have consistently underfunded over the years.
The current pension shortfall is estimated at $111 billion, one of the largest nationally.
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The high court affirmed a decision in November by a state circuit court that thelegislative changes violated pension protection measures written into the state constitution. The decision sided with public-sector unions, who challenged the law. The ruling said the constitution is unambiguous on the issue and dismissed the state’s argument that so-called police powers in place to protect public safety and welfare give lawmakers the authority to cut retirement benefits.
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