Breaking News Bar
updated: 1/23/2013 7:52 AM

Quinn compliments Cullerton pension plan

hello
Success - Article sent! close
  • Gov. Pat Quinn

      Gov. Pat Quinn

 
 

SPRINGFIELD -- Gov. Pat Quinn Tuesday called a pension-cutting plan from Senate President John Cullerton "very attractive."

Cullerton's legislation has two distinct pension-cutting plans to try to battle the chances either one might be unconstitutional. In theory, if judges reject one part in an eventual lawsuit, they could possibly uphold the other.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

And it combines the idea to cut teachers' and state workers' retirement benefits, pushed by state Rep. Elaine Nekritz of Northbrook, with Cullerton's preferred idea.

Cullerton wants a plan that would give workers a choice between taking reduced retirement benefits with subsidized state health care and keeping their current benefits with no health care.

Quinn praised Cullerton's proposal because it "kind of combines all those ideas into one bill. And that's very attractive." He said he is "optimistic" that the proposal will gain "momentum."

But Cullerton's proposal has raised concerns because it is hard to estimate how much money it would save the state.

Savings would depend on how many people took each option.

Illinois has nearly $100 billion in pension debt, a problem that hampers its ability to spend money in other areas, like schools and care for the disabled and elderly.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here