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updated: 5/8/2013 8:54 AM

A closer look at the pension options

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  • Speaker of the House Michael Madigan's pension plan calls for, among other things, higher contributions by employees and limits on how much in pension benefits retirees may collect.

      Speaker of the House Michael Madigan's pension plan calls for, among other things, higher contributions by employees and limits on how much in pension benefits retirees may collect.
    Associated Press

  • Senate President John Cullerton has collaborated with unions on an pension plan, but the details have not been released publicly.

      Senate President John Cullerton has collaborated with unions on an pension plan, but the details have not been released publicly.
    Associated Press

 
Associated Press

After years of trying, lawmakers return to springfield today with something they haven't had before: two potential options for finally addressing illinois' multibillion-dollar pension problem. lawmakers must weigh each proposal, including how much money it could save the state and the likelihood it could survive an inevitable court challenge. here's a look at the proposals.

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