The committee in charge of finding a pension solution for Illinois is scheduled to meet again Monday. The 10-member committee formed last month out of a special session on pensions. But will the threat of another deadline force them strike a deal?
Illinois lawmakers have created a committee to address the state's 97-billion-dollar pension problem. The House and Senate agreed to form a bipartisan conference committee to tackle the nation’s largest state pension shortfall.
The top Republican in the Illinois House of Representatives says he thinks Democratic leaders are purposely not passing pension reform for their own political gain.
There are lots of conspiracies for why pension reform hasn’t been approved.
One is that it’s purely a legal debate over how to interpret the constitution.
Another - is that the powerful House Speaker and state Democratic Party Chairman Michael Madigan - is stalling because it would somehow help his daughter, Attorney General Lisa Madigan, to become governor in next year’s election.
Illinois Governor Pat Quinn “Desperately needs a win” on pension reform. That’s the conclusion of political scientist Kent Redfield. The U of I - Springfield professor spoke ahead of next week’s special session on pensions, which Quinn ordered. Redfield says the Governor repeatedly blamed pension costs for the state's budget problems. If no agreement is reached, Redfield says, Quinn will look weak going into next year’s primary election: