New plans introduced to try and solve state's pension crisis

By WEEK Producer

February 28, 2013 Updated Feb 28, 2013 at 11:53 PM CDT

SPRINGFIELD, Ill. -- In Springfield, another day, another proposal to solve the state's pension crisis

The Illinois Policy Institute announced Thursday a 10-point plan which the organization said would balance the budget and solve the state's pension crisis.

It is solved by doing away with pensions altogether, in favor of a 401K plan.

"We must give control of retirement to the workers. We must take it away from the politicians who have created a lot of this mess, and put in back in the hands of the workers who can decide their own retirement plan and their own needs," said Vice President of the Illinois Policy Institute, Ted Dabrowski.

Meanwhile, House Speaker Mike Madigan introduced pension reform bills so harsh that virtually no-one voted for them.

That made House GOP Leader Tom Cross angry at what he called "games."

"We played games on Thursday afternoon the last day of February. We've been here two months and we haven't done a thing in a substantive, comprehensive way to go toward the pension problem," said Cross.

Illinois AFSCME workers are in favor of a bill which would increase their pension contribution, but retain the state's "temporary" income tax increase to pay down the state's pension debt.

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