Finally, some action from Springfield! Today, the General Assembly passed a pension reform bill that will save the state $160 billion over the next 30 years, stabilize retiree pensions, and put our state back on the path to fiscal health.
What does this mean for you? For starters, it will save over $1 billion in pension costs next year, which is a step closer to a balanced budget that protects education funding. That’s good news.