Caterpillar CEO Doug Oberhelman wants Illinois' business leaders to pressure lawmakers to address the state's $97 billion pension crisis.
Oberhelman told business leaders Wednesday at the Illinois Chamber of Commerce's annual meeting that the pension system is in deep trouble. According to a copy of his speech he said lawmakers frequently hear labor unions' views on pensions but seldom hear directly from owners and executives.
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Illinois has the country's worst pension shortfall. The situation has led credit-rating agencies to downgrade lower Illinois' credit rating to the lowest of any state.
A special legislative session on the pension problem this month ended with the appointment of a committee to look at the issue. The committee is scheduled to meet Thursday.
Oberhelman also called for what he called "common sense" immigration reform.