Springfield – Lawmakers will start a special session this Wednesday to try and end
the pension deadlock.
The Senate Executive Committee
could take up the pension bill this afternoon. House Speaker, Mike Madigan is
moving ahead with a plan to try and push his pension fix through the Illinois
Madigan says the bill would
save 187-billion dollars over thirty years. Governor Pat Quinn called lawmakers
back to Springfield
after the legislature adjourned last month, without settling on a fix for the
state's 97-billion dollar liability.
Cullerton indicated that he
might support a proposal that originated at the University of Illinois
Institute for Government and Retirements. The proposal would include employees
paying in more toward retirements.
The plan would also shift the
employer portion of employee pension contributions from the state to the
schools themselves. Lawmakers are expected to vote again on the Madigan backed
proposal, but its fate is uncertain in the senate.
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