Possible pension reform plan to be voted on Tuesday

By WEEK Reporter

December 3, 2013 Updated Dec 3, 2013 at 10:21 AM CDT

SPRINGFIELD, Ill. -- Lawmakers are due back in Springfield this week to vote on a possible deal for pension reform.

The plan scales back cost of living increases for state employees, reduces employee contributions by one percent, and slightly raises the retirement age.

Republican candidates for governor are split on the plan.

Businessman and gubernatorial candidate Bruce Rauner said the plan does not go far enough.

State Senator Bill Brady, a member of the committee charged with coming up with a pension, agreement said he will vote for the proposal.

U.S. Senator Mark Kirk said he is against the proposal as written.

Meanwhile, sponsors of a tax incentive bill, to keep Decatur-based Archer Daniels Midland's headquarters in Illinois, are hoping to call it for a vote Tuesday.

Under the plan, ADM would receive $1.5 million in tax credits in return for bringing hundreds of jobs from out of state.

A vote on the tax break has been in limbo for weeks after Governor Pat Quinn said lawmakers must attack the state's pension mess before taking on a tax sweetener.

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