Illinois Governor Pat Quinn says solving the state's pension problem is imperative, and he's warned lawmakers not to go anywhere next month. Illinois has eighty-five billion dollars in unfunded liability when it comes to its pension systems.
The top Democrat and top Republican in the Illinois House traded jabs yesterday in a heated confrontation over state budget issues.
Illinois House Speaker Michael Madigan says he's dropping his proposal to make state schools and colleges pay employee retirement costs.
A plan to cut government pensions and shift some retirement costs to schools has cleared its first hurdle in the Illinois Legislature. A House pension committee approved the bill 6-3 yesterday.