Rabu, 07 November 2012

Maybe the only good news from this election - Illinois pension benefit amendment likely fails


Illinois voters have rejected a proposed amendment to the state constitution that would have made it more difficult to expand public employee retirement benefits.

With about 90 percent of the vote reported on Wednesday morning the proposed amendment had support from 56 percent of Illinoisans who voted on the measure. But that fell short of the two criteria needed for passage.

The measure needed a favorable vote from either three-fifths of those voting on the measure, or 50 percent of the total number of votes cast in Tuesday's election. Nearly 5 million people voted in the election.

With lawmakers stalemated on how to fix a severely underfunded pension system, the amendment would have required a three-fifths vote of the Legislature -- instead of a simple majority -- to increase pension benefits for public employees.

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