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Supreme Court Schedules Pension Hearing

The Illinois Supreme Court has announced it will hear oral arguments in the state's landmark pension-overhaul case on March 11.

The Illinois General Assembly and former Gov. Pat Quinn adopted a plan in late 2013 designed to cut into the $111 billion deficit in four state pension programs built by years of underfunding.

Several beneficiaries - state workers, retired teachers, and others - filed a lawsuit and a Sangamon County circuit judge found the law unconstitutional last fall.

The judge ruled that the law violated a provision prohibiting reducing or impairing pension allowances.

The law slightly reduced retirement-fund contributions but also decreased benefits.
 

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