Springfield, IL… Governor Pat Quinn signed Senate Bill 1946 into law today which will bring much needed pension reform to the State of Illinois.  State Representative Ed Sullivan (R-Mundelein) voted in favor of the bill.  Sullivan says the bill modernizes the state’s 13 pension systems for new hires.

“We need to stress that this does not affect current employees,” said Sullivan.  “With these changes to future employees’ pensions, the state will be saving upwards of $100 billion over the next few decades.  What was signed into law today is a step in the right direction towards stabilizing the long-term fiscal health of our state and protecting the pension systems from insolvency.”

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