Illinois pensions

Quinn Takes Action To Suspend Pay For Lawmakers

Jul 10, 2013

Governor Pat Quinn is using his veto power to try to suspend state lawmakers' pay because of their inaction on Illinois' pension crisis. 

Illinois.gov

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?

thisismyillinois.com

Governor Pat Quinn had harsh words for the pension conference committee that met in Chicago this week. Lawmakers are trying to come to an agreement on how to fix Illinois' pension problems.

The conference committee, which was formed last week, was Quinn's idea. But he says he thought they'd get to work right away.

"They don't wait eight days to get together. I think it was a little disappointing that the members of this conference committee took their own sweet time at even coming together," said Quinn.

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. 

state of Illinois

Illinois’ top public officials met behind closed doors today to discuss the state’s 100-billion dollar pension debt. And still - there is no clear compromise on pension reform.

ilga.gov

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.

Expert: Quinn Must Win On Pensions

Jun 11, 2013
UIS

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:

Brian Mackey

Illinois Governor Pat Quinn says he’ll be meeting with legislative leaders Monday to discuss pension reform.  Lawmakers adjourned for the summer without agreeing on the best way to reduce benefits for state employees.

Quinn says that cost is cutting into other state expenses.

A second major rating agency is downgrading Illinois' credit worthiness.  Moody's Investors Service lowered the state's $27 billion in outstanding bond debt to A3 from A2. The new rating's three levels above junk status. 

Brian Mackey / Illinois Public Radio

Illinois Democrats continued approving a new state budget on party-line votes. The Senate approved spending plans for education --  from elementary and high schools to colleges and universities -- with funding pretty much at last year's level.

Cuts proposed earlier this year by Governor Pat Quinn did not materialize, partly because Illinois collected more tax money than it expected in April.

Sen. Dan Kotowski, D-Park Ridge, says funding for higher education is critical because it's tied to the problem of unemployment.

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