SPRINGFIELD, Ill. (AP) - A bipartisan committee of lawmakers has approved a plan to deal with Illinois' $100 billion pension problem. The measure now moves to the House and Senate for consideration.
The Associated Press confirmed with six members of the 10-member panel that they had signed the measure Monday after arriving in Springfield for a special session.
Leaders announced the plan last week. It comes nearly five months after a special committee was formed to tackle the problem.
The proposal pushes back workers' retirement age on a sliding scale, has a funding guarantee, adds a 401k-style option and reduces the employee contribution.
It also would replace the current 3 percent annual cost-of-living increases. Retirees would continue to receive that rate up to a certain amount of annuity payments, based on years of employment.
St. Louis Police are expanding the hot-spot police efforts to a pair of south city neighborhoods.
The increased patrols started at 10 AM and are focusing on Tower Grove South and Gravois Park. The hot spot program focuses additional police coverage on areas that have seen an up-tick in crime. In October, police focused on the Lewis Place and Fountain Park neighborhoods in north city.
In just a week, officers found three guns and made more than 20 arrests. Residents in the area should expect to see more uniformed and plain clothes officers.
JEFFERSON CITY, Mo. (AP) - It is the opening day for a Missouri special legislative session called in hopes of persuading the Boeing Co. to produce the 777X plane in the state.
Gov. Jay Nixon says Missouri faces a Dec. 10 deadline to submit an offer to Boeing.
Nixon has proposed an incentives package worth up to $150 million annually. It would be funded through four existing Missouri programs that help finance job training, infrastructure improvements and reward companies for expanding their payrolls.
Any incentives approved by Missouri likely will face competition from other states.