Pension panel split on proposed fix

Posted:

Springfield (AP) -- The Illinois Legislature's fall veto session is just a week away, but a committee tasked with the solving the state's enormous pension problem is divided.

 

An Associated Press survey of the 10-member committee found five Democrats support a plan that would save the state $138 billion over 30 years. The other half consists of four Republicans and one Democrat. They say they have major concerns about the proposal.

 

The Legislature cannot consider the proposal unless it's signed by six committee members.

 

State Sen. Bill Brady of Bloomington says Republican support will be needed for the Legislature to pass a deal.

 

Illinois' $100 billion unfunded pension liability follows years of skipping or shorting payments in the past, something Gov. Pat Quinn and others say strips money from schools and social services.

Current Conditions
/
  • Current Events

  • Current EventsMore>>

  • Coats for Kids Drive

    Coats for Kids Drive

    DECATUR, Ill. (WAND) - You can help keep central Illinois children warm this winter by donating new and gently used coats during WAND-TV's Coats for Kids drive.

    More \232a

    DECATUR, Ill. (WAND) - You can help keep central Illinois children warm this winter by donating new and gently used coats during WAND-TV's Coats for Kids drive.

    More \232a
  • Agribusiness Today

    Agribusiness Today

    Get your agribusiness report here!

    More \232a

    Get your agribusiness report here!

    More \232a
  • Web Exclusives

    Web Exclusives

    Here at WAND we strive to bring you the latest coverage on news happening across central Illinois, and this page is a continuation of that effort.More \232a
    Here at WAND we strive to bring you the latest coverage on news happening across central Illinois, and this page is a continuation of that effort.More \232a