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2012 House Bill 5725: Allow municipalities to revise employee pension systems
Introduced by Rep. Peter MacGregor R-Rockford on June 5, 2012
To allow a municipality to revoke or change its employee retirement plan or benefits with a majority vote of its governing body rather than a majority vote in a public election. The “accrued” pension benefits already earned by existing employees are guaranteed by the state constitution and would not be affected, but other post-employment benefits could be changed.   Official Text and Analysis.
Referred to the House Appropriations Committee on June 5, 2012
Reported in the House on September 27, 2012
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

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