Reports

HJRCA 49: A Constitutional Amendment Regarding the Rules Governing Pension Benefit Increases

RELEASED: 

August 27, 2012

This Issue Brief provides an overview of the state pension systems' underfunding  and an analysis of House-Joint Resolution Constitutional Amendment (HJRCA) 49. HJRCA 49 would create a new section to the Illinois Constitution. The new section would create a constitutional requirement that any legislation that increased pension benefits would require three-fifths (3/5) approval by both houses of the General Assembly.

Topics:Pensions, Public Pensions

Tags:State Pensions, Second Benefit Tier, COLA, State Constitution, 97th General Assembly

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