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Illinois pension reform signed into law

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Public employees can no longer rely on some loopholes to inflate their state benefits, including one that allowed two union officials to qualify for teachers’ retirement perks after a single day in the classroom, under a law signed Thursday. 

The law, which takes effect immediately, also aims to end the practice of double dipping. In some cases —notably in the Chicago area — employees took leaves of absence from city jobs, took full-time union jobs, then collected pensions from both. 

The legislation also says current union leaders can’t base public pensions on union pay checks; now their pay will be based on their salaries when they leave their government jobs...

LINK - SJ-R.com


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