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Illinois House speaker eases pension-reform stance


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Posted Online: Jan. 04, 2013, 2:29 pm
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SPRINGFIELD, Ill. (AP) Illinois Gov. Pat Quinn and the Democratic House speaker have agreed to forgo the dicey issue of local schoolteachers' retirement costs in order to approve a fix for the state's $96 billion pension deficit.

Quinn told reporters after a meeting in Wheaton with Republicans that he will meet with legislative leaders Saturday to try to reach a deal.

Steve Brown is spokesman for House Speaker Michael Madigan. He says the Chicago Democrat told Quinn that reform legislation is paramount and lawmakers can figure out the financing later.

A solution to the monstrous underfunding of state employee retirement systems has been snagged because Republicans oppose shifting some costs for teachers' pensions to local school boards.

Brown says the goal is to approve a measure before the current General Assembly ends Wednesday.
















 



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  Today is Saturday, Sept. 20, the 263rd day of 2014. There are 102 days left in the year.

1864 -- 150 years ago: Recruits can get $500 by enlisting now. Lt Jobe has a recruiting office on Illinois Street.
1889 -- 125 years ago: Superintendent Schnitger formally inaugurated the Rock Island and Davenport Railway Line of the Holmes system by putting on four cars to start.
1914 -- 100 years ago: Wires of the defunct Union Electric Co. are being removed by city electricians.
1939 -- 75 years ago: The Bishop Hill softball team won the championship in WHB"S Mississippi Valley tournament at Douglas Park.
1964 -- 50 years ago: A boom in apartment construction has hit Rock Island, with approximately 300 units either in or near the construction stage or due for an early rezoning decision.
1989 -- 25 years ago: Members of the Bi-State Metropolitan Planning Commission are hoping to revive their push for a new $70 million four-lane bridge spanning the Mississippi River.






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