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Illinois Supreme Court strikes down pension reform law


The Illinois Supreme Court ruled Friday the Illinois pension reform law passed in 2013 is unconstitutional, affirming the decision reached in a Sangamon County Circuit Court in November.

The law, passed Dec. 3, 2013, decreased cost-of-living adjustments, capped pensionable salaries and raised retirement ages.

The law had been slated to go into effect June 1, but was put on hold by Judge John Belz to determine its legality.

Meaghan Kilroy writes for Pensions & Investments, a sister publication of Business Insurance.

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