Ill. gov to panel: Glad you'll sound pension alarm
SPRINGFIELD, Ill. (AP) -- A
spokesman says Illinois Gov. Pat Quinn is happy an influential business group
will help "sound the alarm" on pension reform.
The Civic Committee of the Commercial Club of Chicago released a memo
Wednesday that the public-employee pension system is "unfixable." The
system is underfunded by $96 billion.
It also sent the Democratic governor a sharply worded letter about inaction
in the Capitol. But Quinn spokesman Abdon Pallasch (AB'-dun PAL--lish) welcomed
committee pressure on legislators to keep the program afloat. The committee
says benefits for all pensioners must be cut and proposals in the General
Assembly are insufficient.
The "We Are One Illinois" coalition of labor unions opposing
pension cuts criticized the memo for not demanding a requirement that the state
pay its fair share to pension programs.