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Illinois House passes two pieces of pension reform legislation

By WEEK Producer
March 14, 2013 Updated Mar 14, 2013 at 10:24 PM CDT

SPRINGFIELD, Ill. -- Lawmakers are making headway in reforming the state's pension system.

On Thursday, the Illinois House passed pension reform legislation that would cap "pensionable" salaries and increase the retirement age.

The first amendment would cap the amount of salary that pensions are based on at the same limit set for Social Security, currently $113,000.

The second amendment would increase the retirement age by one year for those ages 40 to 45, three years for those ages 35 to 39, and five years for employees under age 35.

The two bills would only affect employees hired before January 1, 2011.

The bills now head to the Illinois Senate.

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