Ill. House: Senate pension plan saves less money

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Associated Press

SPRINGFIELD, Ill. (AP) - Illinois House members say Senate President John Cullerton's pension-reform proposal saves at most only 60 percent of what the Chicago Democrat predicts.
   
Reps. Elaine Nekritz and Darlene Senger say an actuarial study of Cullerton's plan shows it would reduce a $97 billion debt in employee pension systems by less than $6 billion. Cullerton says his plan would reduce that debt by $10 billion.
   
Nekritz is a Northbrook Democrat and Senger is a Republican from Naperville. Their numbers are from pension-system administrators.
   
Spokeswoman Rikeesha Phelon (rih-KEE'-shuh fuh-LAHN') says Cullerton doesn't dispute "preliminary numbers" but says information is incomplete.
   
Nekritz and Senger say their House-passed plan would reduce the liability by $28 billion. But Cullerton says his version can get court approval.

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