Wednesday, 01 May 2013 15:39
Gov. Quinn says economy depends on pension reform
SPRINGFIELD, Ill. (AP) - Gov. Pat Quinn says the Illinois House should act quickly to approve a pension-reform package because the state's economy depends on it.
House Speaker Michael Madigan's plan to increase employee contributions and trim benefits is scheduled for a House vote Thursday.
Years of state underfunding of pension accounts has left Illinois $97 billion short of covering future obligations.
The Democratic governor says the liability grows by $17 million a day. He says Illinois' economy won't fully recover until reform is approved.
But union representatives told a House committee Wednesday the opposite is true. Illinois Education Association President Cinda Klickna says cutting pension benefits takes away money retirees spend in local communities and especially hits teachers who don't have Social Security benefits.
Published in
Local News
Latest News
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
Tea Party members protest at local IRS office
Blowback against the IRS is becoming more local. Fox 2 reports that members of the Tea Party are holding a rally outside an IRS Office in Town and Country. The protesters are upse...
GOLF ADOPTS RULE TO BAN ANCHORED PUTTING STROKE
Golf's governing bodies approved a rule Tuesday that outlaws the putting stroke used by four of the last six major champions, a move opposed by two major golf organizations that co...
MILLER TAKES LOSS AS PADRES BEAT CARDINALS 4-2
SAN DIEGO (AP) -- With the St. Louis Cardinals leading the San Diego Padres 2-1 in the sixth inning, manager Mike Matheny had seen enough of Shelby Miller. The rookie right-hand...
RED WINGS BEAT BLACKHAWKS TO TAKE 2-1 SERIES LEAD
DETROIT (AP) -- The Chicago Blackhawks were controlling the puck and dominating play early in the second period. It took all of a half-minute for the Detroit Red Wings to swing the...
Mo. life sentence for juveniles still in flux
JEFFERSON CITY, Mo. (AP) - Prison sentences for Missouri juveniles convicted of first-degree murder remain uncertain because lawmakers did not pass a new sentencing scheme before a...
Route N closed in Cottleville, west of Weise Rd
Route N is currently closed in Cottleville due to last night's storms and the high levels of Dardenne Creek. The road is closed west of Weise Road, just west of downtown Cottlev...
Growers making up for lost time in planting corn
ST. LOUIS (AP) - Corn growers across the Midwest have made up for lost time in a big way from a slow start to planting season after a waterlogged spring. The U.S. Department of Ag...
Portion of Ladue Rd closed to traffic for Senior PGA
Crews will begin closing roads today in Town & Country ahead of the Senior PGA Tournament at Bellerive Country Club. From 6 a.m. until 8 p.m. today through Sunday, Ladue Road...
