A labor union is demanding the resignation of the head of Illinois' teacher pension system. The union doesn't like what he's been saying about the future of teachers' retirement benefits. Richard Ingram says in order to solve the long-term funding problems of the Teachers' Retirement System, the state has to consider reducing automatic cost-of-living increases for retirees.
Governor Pat Quinn initially said a campaign dealing with public employee pensions would begin in August. Illinois owes $83 billion more in pensions than there is money available. That debt has prompted widespread calls for cuts to state employees' and teachers' benefits.
Both chambers consider limiting reform to lawmakesrs only No pension legislation will move through the General Assembly today. Legislators convened in Springfield for a special session on pensions, but the Senate has already adjourned without taking up any measures. Their website says the next session will be Nov. 27. The Illinois House was still in session at 5 p.m.