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 Wednesday, April 16, the 106th day of 2014. There are 259 days left in the year.
1864 -- 150 years ago: Yesterday some bold thief stole a full bolt of calico from a box in front of Wadsworth's store, where it was on exhibition.
1889 -- 125 years ago: A team belonging to Peter Priese got away from its driver and made a mad run across the Rock Island Bridge. The driver was thrown from his seat but not hurt.
1914 -- 100 years ago: Carlton Taylor was appointed district deputy grand master for the 14th
Masonic District of Illinois.
1939 -- 75 years ago: Moline's million dollar municipal airport was dedicated to air transportation and the national defense by Lt. Gov. John Stelle.
1964 -- 50 years ago: THE ARGUS will be election headquarters for Rock Island County tomorrow night, and the public is invited to watch the operation. The closing of the polls at 6 p.m. will mark the start of open house in the newsroom. Visitors will see staff members receiving, tabulating and posting returns.
1989 -- 25 years ago: Few bricks actually tumbled, but no one seemed to mind as about 1,000 people gathered to celebrate the formal start of demolition at the site of a downtown civic center.




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