SPRINGFIELD - During the House floor pension debate Tuesday, State Rep. Jeanne Ives (R-Wheaton) challenged Speaker Mike Madigan's SB 1's wording concerning the 401k option. The language she questioned reads "the System shall be entitled to recover the amounts in the participant's defined contribution accounts":
"That to me sounds like something a rogue nation run by despots would do - they would take private property and put it back into a plan," Ives said.
Madigan reacted initially with one word: "Whoa!" See a brief portion of the exchange below. More is HERE: