Caterpillar CEO: Call lawmakers on pension mess
- Photos (1)
Caterpillar Inc. Chairman and CEO Douglas R. Oberhelman delivers the keynote address to the Illinois Chamber of Commerce annual meeting & business leaders luncheon in Chicago, Wednesday.
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.
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.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
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 )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close