Pension Deal Could Give Quinn Campaign a Boost



A new agreement on how to address Illinois' $100 billion pension shortfall could give a boost to Gov. Pat Quinn's re-election bid.

Political analysts say it puts his potential GOP rivals in a trickier spot.
The leaders of Illinois’ General Assembly announced the pension agreement Wednesday, and lawmakers will return to the Capitol on Tuesday to vote on the proposal.
House Speaker Michael Madigan says it will be "a very difficult roll call" and that unions will oppose the deal.

He says the agreement would save the state $160 billion over 30 years, in part by limiting the cost-of-living increases that retirees receive on their pension benefits.

One of the four candidates running for the 2014 Republican nomination has stated his position on the pension deal publicly.

State Sen. Bill Brady says the plan isn't perfect but he'll support it.

Venture Capitalist Bruce Rauner’s campaign released a statement noting "Springfield insiders" have kept "Illinoisans in the dark" about the plan. He's expected to oppose it.

Sen. Kirk Dillard and Dan Rutherford have not commented on the pension plan.
Illinois has the nation's worst-funded public employee pension systems. The shortfall has led to downgrades of the state's credit rating and cuts to education and social services.

Filed Under :  
Topics : LaborPoliticsSocial Issues
Social :
Locations : Illinois
People : Bill BradyDan RutherfordKirk DillardMichael MadiganPat Quinn
On-Air Now
Local Weather
Archive
  Powered By InterTech Media, LLC