Governor Pat Quinn outlined a plan last week to reform the state's troubled pension systems. In doing so, Quinn appeared to outright reject some pension ideas offered up by House Republican Leader Tom Cross and Senate President John Cullerton.
The governor said pension-reform negotiations, which have dragged on for well over a year, are in need of a fresh start. Republican Leader Cross' reform proposal raises employee pension contributions to force public employees into either a lower-cost system or to a 401(k)-style plan. The state's pension plans have billions of dollars in what's called unfunded liability, and the idea is to lower that liability by reducing retiree pension payouts.
The governor all but said Leader Cross' plan, which is hotly opposed by labor unions, needed to be tossed out. "I don't think there's a lot of enthusiasm by members of either party and either house for that particular bill," the governor said. "We're going to start from scratch, and everybody will have a voice and we'll get to a good place."







