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Additional Pension Lawsuits Expected

state of Illinois

The first legal action taken against Illinois' new pension law isn't expected to be the last. On Friday, the Retired Teacher's Association filed a lawsuit in Cook County Court. The group
says the changes violate the state's constitution.

Other lawsuits are anticipated, including one from the We Are One coalition, which consists of several public employee unions. That group says it plans to go to court in the New Year.

Governor Pat Quinn signed the pension overhaul earlier this month. The plan, which goes into effect next summer, is aimed at reducing Illinois' massive underfunded liability. Among other things, it limits cost-of-living increases and raises retirement ages for certain workers.

A spokeswoman for Governor Quinn issued a response to the first lawsuit. The statement calls the new law constitutionally sound.