WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Illinois Pension Panel Won't Meet Governor's Deadline

Illinois Pension Panel Won't Meet Governor's Deadline

CHICAGO (AP) - The chairman of a legislative committee working to forge a compromise on Illinois' $97 billion pension crisis says the group won't meet a July 9 deadline set by Gov. Pat Quinn.

The 10-member bipartisan panel held its second public hearing Wednesday in Chicago. 

Sen. Kwame Raoul is committee chairman. He says members will meet later Wednesday to decide which proposals to have analyzed to determine cost savings. He says that analysis will take about two weeks.

Illinois has the nation's worst state pension shortfall. Lawmakers voted last month to form the committee after it became clear the House and Senate couldn't agree on how to address it.   Representatives from colleges and universities presented their proposal Wednesday.

A third public hearing is scheduled for Monday in Springfield. 

See other LocalNews news:

Kinmundy Labor Day Homecoming Now Four Day Event
Centralia Police Seek Help In Locating Two People and Vehicle Believed Involved in Thursday Night Shooting
One Person Injured When Gunfire Breaks Out Between Occupants of Two Vehicles in Centralia
Patoka Fall Festival Starts Friday and Continues Through Sunday
Marion County State's Attorney Matt Wilzbach Won't Seek 4th Term




This Site logo