Overcast
63°FOvercastFull Forecast

Quinn: Madigan pension bill deserves Senate vote

Published: Thursday, May 9, 2013 1:06 p.m. CDT • Updated: Thursday, May 9, 2013 1:08 p.m. CDT

SPRINGFIELD, Ill. (AP) — Gov. Pat Quinn says House Speaker Michael Madigan's pension-reform plan deserves a Senate vote.

The Democratic governor said the proposal is comprehensive.

Illinois has nearly $100 billion in pension debt because of years of state underfunding.

Senate President John Cullerton has a different idea he plans to call for a vote Thursday afternoon. Public employee unions back that proposal.

The House approved the Madigan bill last week. It would require employees to pay 2 percent more toward retirement benefits. It would reduce annual cost-of-living increases for retirees and raise the retirement age for workers under 45.

Cullerton's proposal would offer employees a choice between health insurance or cost-of-living increases. He says it would survive a court challenge.

__

The Cullerton bill is SB2404. The Madigan bill is SB1.

Online: http://www.ilga.gov

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

How many games will the Bears win this season?
Seven or fewer
Eight
Nine or 10
11 or 12
13 or more