A coalition of unions says it plans to file a lawsuit challenging the newly signed law aimed at overhauling two of Chicago's pension systems.
We Are one Chicago is a group of unions that has also challenged the state's pension overhaul. In a statement Monday, the group says the plan addressing laborer and municipal employee pensions is unfair and unconstitutional.
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The new law would affect about 57,000 laborers and municipal employees and retirees and seeks to eliminate the $9.4 billion shortfall by cutting benefits and increasing contributions.
The coalition claims the new law would slash the value of pensions and disproportionately affect minorities, women and low-income workers and retirees.