A bill aimed at fixing Illinois' hundred billion pension crisis is before Gov. Pat Quinn. A spokeswoman for Senate President John Cullerton said Wednesday that the bill had been sent to Quinn. The move came a day after the Illinois General Assembly approved the bill that is estimated to save the state $160 billion over the next 30 years.
The plan reduces benefits for current and retired public employees. Among other things, it also raises the retirement age on a sliding scale for some employees.
House Speaker Michael Madigan talked to reporters about pensions during the end of the spring legislative session; he and Senate President John Cullerton were at odds then over how to deal with the state's underfunded retirement systems.
The leaders of Illinois' General Assembly have reached a deal on pensions. But now they have to persuade legislators to go along with it. The House and Senate will meet in Springfield Tuesday (12/3) to debate the measure.
It's the first time the four leaders of the House and Senate have come together on a plan dealing with the state's pensions, which are the worst-funded in the nation. Details are forthcoming, but House Speaker Michael Madigan came out of a meeting in Chicago saying it will save $160 billion.
House Speaker Michael Madigan says the vote on a pension deal will be ``very difficult'' when lawmakers gather for a special session next week. Madigan spoke to reporters Wednesday after legislative leaders said they agreed on a proposal that will help solve Illinois' $100 billion pension crisis.
Illinois legislators wrapped up their two-week veto session this afternoon (Nov. 7), though they may be back in Springfield before the year's end.
The General Assembly knocked one, big item off its to-do list: same-sex marriage. After intense lobbying on both sides, lawmakers on Tuesday sent the governor a measure that will allow gays and lesbians to marry.
The rest of the major issues on the General Assembly's agenda remain:
-a tax package crafted to ensure Archer Daniels Midland keeps its headquarters in Illinois is on hold
The Director's lawn on the fairgrounds is usually full on Governor's Day, when Democrats traditionally rally; instead it was largely empty on Gov. Pat Quinn's revised version, which featured multiple bands.
Illinois Democrats put on happy faces Wednesday in Springfield for one of the party's biggest annual gatherings. But even as they brushed off suggestions of turmoil and division within their ranks, a prominent member of the party was being sentenced to prison, another didn't show up and there's a battle for the top of the state Democratic ticket.
A state fair is a place for tradition: carnival rides, corn dogs, barnyard animals. And politicians.
Attorneys for Illinois House Speaker Michael Madigan and Senate President John Cullerton will be in Cook County Circuit Court Tuesday to try and force Gov. Pat Quinn and Comptroller Judy Baar Topinka to issue legislators' paychecks.
Last month, Quinn cut $13.8 million for legislators' paychecks in the state budget. He'd threatened consequences if lawmakers failed to act on addressing the pension problem. When a bipartisan pension failed to meet a deadline, Quinn cut their salaries.
Governor Pat Quinn had harsh criticism for a bipartisan panel of legislators assigned to draft a new plan to reduce the state's pension costs. He wanted legislation passed Tuesday. Lawmakers say they're close, but Quinn is not helping.
Quinn was quick to criticize lawmakers' failure to pass pension legislation in time to meet his July 9 due date.
Governor Pat Quinn is giving legislators less than three weeks to come together on a pension overhaul. So far the formation of a rare “conference committee” is the only result of the special legislative session Quinn called to deal with the state’s pension problem.
While many people across Illinois had Monday off from work for Memorial Day, the members of the Illinois General Assembly were meeting in Springfield. Just four days remain until lawmakers are scheduled to adjourn for the summer. The last week of session is a time for individual legislators to shine — or stumble — as months of hard work on legislation culminates in long-awaited votes. We took a look at some of this week's key players in Springfield.
The legislative countdown continues, as Illinois' General Assembly is set to adjourn Friday. Lawmakers spent their Memorial Day at the capitol, where little apparent progress was made on many of the outstanding issues. The Senate met only briefly yesterday - the bulk of Senators' time was spent in private, partisan meetings.That's where they often make decisions on how to proceed on controversial issues. Like the budget.
Illinois lawmakers remain at odds over how to handle the state's $100 billion of pension debt. But there's a chance that this spring the General Assembly may finally do something about it. After years of no major action, there are not one, but two major packages designed to reign in Illinois' retirement costs. The House and Senate passed competing plans. Both of them seek to save Illinois money by cutting current and retired government workers' benefits. But one important group of government workers are being left out of both deals - judges.
The Illinois House on Friday approved legislation that would let Illinoisans carry concealed firearms. But Gov. Pat Quinn says he'll work to "stop it in its tracks."
The measure is being touted as a compromise by its sponsor, Rep. Brandon Phelps, D-Harrisburg.
"As we all know, after years of debating this issue, it is incredibly difficult, if not darn-near impossible, to come to a middle ground on this issue," Phelps said. "Every legislator on this floor has a different opinion when it comes to concealed-carry policy."
A state pension overhaul backed by government employee unions may save only half of what advocates had promised. That underscores an ongoing battle between the House and Senate over pensions, with only ten days left in the legislative session.
There's general agreement on this much: that Illinois' public pension systems have $100 billion dollars in unfunded liabilities. That's a fancy word that basically means "debt."
It's a big number that's getting Illinois in trouble with bond houses and eating into the state's budget.
The Illinois Senate is expected to vote Thursday on the latest proposal to fix the state's drastically underfunded pension systems. In what's become a multi-year pension debate, many aspects of the plan have been put forth before. But it has one element that makes it unique.