Senate President John Cullerton

Senate votes down pension measure

May 31, 2013

It's the final day of the legislative session, and the foremost issue that has plagued lawmakers all year remains unresolved. There's a chance yesterday's actions may have deepened a divide between the House and Senate over what to do about the state's massive pension debt. IPR’S Amanda Vinicky explains. 

Gov. Pat Quinn is asking the state senate to reconsider its vote, after the chamber quashed a pension measure that would cut state employees' and teachers' retirement benefits. Quinn says the Senate's action lets down the people of Illinois, whom he says are paying $17 million every day the current pension system stays in place. 

Pension talks to continue today

May 30, 2013

A solution for dealing with Illinois' 100 billion dollars of pension debt continues to elude legislators, even as the spring session rapidly approaches its end. The General Assembly is scheduled to adjourn Friday. IPR’S Amanda Vinicky reports.

Lawmakers have taken votes to deal with the pension debt. Problem is the House passed a plan that Speaker Mike Madigan says will save more money. And the Senate passed a different plan that his fellow Democrat, President John Cullerton, says is better because it's more likely to be upheld by the courts.

Analysis: little savings in union-backed pension overhaul proposal

May 22, 2013

A state pension overhaul backed by government employee unions may save only half of what advocates had promised.  That underscores an ongoing battle between the House and Senate over pensions, with only ten days left in the legislative session.  IPR'S Amanda Vinicky reports. 

There's general agreement on this much: that Illinois' public pension systems have $100 billion dollars in unfunded liabilities.  That's a fancy word that *basically* means "debt." It's a big number that's getting Illinois in trouble with bond houses and eating into the state's budget. And the House and Senate have different plans on how to drive that number down.

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