Chicago Tribune: Quinn says he’ll meet Monday with leaders on pension changes

Gov. Pat Quinn said today that he’ll meet with Democratic legislative leaders Monday to try to find compromise on changes to a public employee pension system that’s approaching $100 billion in debt.

The governor indicated he spoke with House Speaker Michael Madigan on Friday to set up the meeting that will include Senate President John Cullerton. On Tuesday, Quinn called a meeting on pension reform but an out-of-state Madigan was a no-show who also did not call in. The speaker’s staff indicated that Quinn’s team knew Madigan would not be available, but held the meeting anyway.

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Daily Herald (Suburban Chicago): State workers anxious as lawmakers debate pensions

SPRINGFIELD, — An Illinois agency manager might have to delay retirement. A former university secretary wonders if she’ll have to cancel vacations. A state office assistant fears he won’t be able to afford the medical care his wife needs.

Anxiety and anger are growing among state employees and retirees who wonder what will happen to their pocketbooks if lawmakers make expected changes to the state’s pension systems that could require workers to pay even more toward retirement, increase the retirement age and cut annual increases in benefits.

Read the rest of the article HERE.

The State Journal-Register: Two pension plans. Now what?

OK, now the House has passed a pension reform plan and the Senate has passed a pension reform plan.

The problem, obviously, is that neither of those plans is on Gov. Pat Quinn’s desk. Until one of them gets there, even phase one of pension reform isn’t complete. (Phase two will be the inevitable court challenge).

Read the rest of the article HERE.

Peoria Public Radio – Madigan: downstate schools should pay pension costs

Alex Rusciano reports: The leader of the Illinois House of Representatives says Downstate school districts will eventually have to pay for their employees’ pensions.

Presiding over a special House panel Thursday, Speaker Michael Madigan said school districts have had a year to consider how to fund their pensions, and it’s time to move forward. Click HERE to read this article.

Have a wonderful weekend!!

The State Journal Register (Springfield, IL): Illinois House OKs Madigan pension-reform plan

A comprehensive pension reform bill narrowly passed the Illinois House Thursday and was sent to the Senate, which voted against similar reforms in March.

Sponsored by House Speaker Michael Madigan, D-Chicago, Senate Bill 1 passed the House on a bipartisan 62-51 vote, with two representatives voting “present.” The bill needed 60 votes to pass. Read the rest of the article HERE.