Two Republican lawmakers have thrown their support behind a teachers union-backed bill that would reverse a recent change meant to penalize government bodies for a practice known as pension spiking.
Sen. Dale Fowler, R-Harrisburg, and Sen. Neil Anderson, R-Andalusia, are sponsors of Senate Bill 3622, which is also supported by the Illinois Education Association.
The legislation would reverse a change made in the state budget that lowered the threshold for when governments such as school districts would have to pay extra for end-of-career salary spikes from six percent to three percent, saving state taxpayers an estimated $21 million across all pension funds.
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The 3 percent cap was included in the 1,245-page budget that some lawmakers said they had little time to read before it was called for a vote hours ahead of a legislative deadline. The…
