** ILLINOIS LEGISLATURE PASSES PENSION REFORM BILL **

At approximately 4:30 p.m. on December 3, 2013 the Illinois Legislature passed Conference Committee Report Number 1 to SB-1.  The bill passed the House 62-53 and Senate 30-24.  In order to pass, the bill needed 60 votes in the House and 30 votes in the Senate

PGM will provide a comprehensive overview of the new law which will become effective on June 1, 2014.

Illinois Lawmakers Approve Major Pension Overhaul

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