The Holiday Gift Auction is Live! Click here and bid now on great local gifts!
Mobile

Ill. gov to panel: Glad you'll sound pension alarm

Civic Committee: Ill. pension system 'unfixable'

SPRINGFIELD, Ill. (AP) — A spokesman says Illinois Gov. Pat Quinn is happy an influential business group will help "sound the alarm" on pension reform.

The Civic Committee of the Commercial Club of Chicago released a memo Wednesday that the public-employee pension system is "unfixable." The system is underfunded by $96 billion.

It also sent the Democratic governor a sharply worded letter about inaction in the Capitol. But Quinn spokesman Abdon Pallasch (AB'-dun PAL--lish) welcomed committee pressure on legislators to keep the program afloat. The committee says benefits for all pensioners must be cut and proposals in the General Assembly are insufficient.

The "We Are One Illinois" coalition of labor unions opposing pension cuts criticized the memo for not demanding a requirement that the state pay its fair share to pension programs.

Loading more

Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.