CHICAGO — A coalition of unions opposed to Illinois' newly-signed pension overhaul has directed attorneys to prepare a court challenge.
The We Are One Illinois coalition said in a statement that attorneys were directed Thursday to prepare a lawsuit challenging the new law's constitutionality. The statement came the same day that Gov. Pat Quinn signed the bill into law at a private event in Chicago.
The legislation emerged after months of negotiation over ways to address Illinois' $100 billion pension problem.
It calls for raising the retirement age for some, among other things. The new law is estimated to save roughly $160 billion over three decades.
However, legal challenges are expected. The coalition says it's an unfair law.
The bill is SB1