// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

   SPRINGFIELD, Ill. (AP) - A spokeswoman for Senate President John Cullerton says he will keep working to pass a pension reform bill he believes can survive a court challenge.

   Rikeesha Phelon says Cullerton and fellow Democrat House Speaker Michael Madigan have "the same goal but different approaches" to solving Illinois' nearly $100 billion pension crisis.

   Madigan filed his pension plan on Tuesday. It caps the salary on which a pension can be based at $110,000 and limits annual cost-of-living increases.

   Madigan's legislation also removes language from a plan backed by Cullerton that got Senate approval last month. Cullerton's plan offers affected state-government employees and teachers a choice of benefits instead of unilaterally cutting them.

   Cullerton believes the state must give retirees a choice in benefits in order for the legislation to be considered constitutional.

Published in Local News
CHICAGO (AP) - Gov. Pat Quinn says any overhaul of Illinois' worst-in-the-nation pension problem should have a funding guarantee.

He spoke yesterday just days after House lawmakers approved their third pension-related bill. The latest would reduce and delay cost-of-living increases in state employees' retirement pay.

Pensions have been Quinn's top issue for more than a year. He says lawmakers' work last week was a step in the right direction but there's further to go. Quinn says any reform package should address retirement age and pensionable salary.

Illinois has nearly $100 billion in unfunded pension debt because lawmakers skipped or shorted pension payments for years.

House lawmakers recently OK'd bills that would cap the salary on which benefits are based to the limit set for Social Security and delay the retirement age incrementally.
Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Pens close out Sens in 5

Pens close out Sens in 5

PITTSBURGH (AP) — Too much talent. Too much skill. Too much composure. The Pittsburgh Penguins have reached the NHL Eastern Conference finals and will play either the New York Ran...

Pacers stun Heat in game 2

Pacers stun Heat in game 2

MIAMI (AP) — This time Indiana didn't wilt in the final seconds. After losing the NBA Eastern Conference finals opener in overtime to Miami, the Pacers kept their composure until ...

Pioneering political journalist dead at 81

Pioneering political journalist dead at 81

WASHINGTON (AP) — Pioneering Washington journalist Haynes Johnson, who helped redefine political reporting, has died at age 81. The University of Maryland, where Johnson was a jou...

President Obama sees terror threat at pre-9/11 level

President Obama sees terror threat at pre-9/11 level

WASHINGTON (AP) — Some call it wishful thinking, but President Barack Obama has all but declared an end to the global war on terror. Obama isn't claiming final victory over extrem...

East St. Louis jury issues indictment of timeshare scam mastermind

East St. Louis jury issues indictment of timeshare scam…

EAST ST. LOUIS, Ill. (AP) — A Las Vegas man is accused in Illinois of a timeshare scam that federal prosecutors say bilked $10 million from more than 3,000 victims across the Unite...

Tow boat members honored for saving lives

ST. LOUIS (AP) — Two crew members from a tow boat, including one who died, have been honored for their efforts to save a family of five after the family's boat became disabled on t...

Deadline looms to request Missouri absentee ballots

Deadline looms to request Missouri absentee ballots

JEFFERSON CITY, Mo. (AP) — Voters in southeast Missouri voters are running out of time to request absentee ballots by mail or fax for next month's congressional election. The spec...

Gov. Quinn responds to House approving conceal carry bill

Gov. Quinn responds to House approving conceal carry bi…

SPRINGFIELD, Ill. (AP) - Gov. Pat Quinn is lashing out at lawmakers after the Illinois House approved a concealed carry bill that he says "puts public safety at risk." Quinn says ...

© 2013 KTRS All Rights Reserved

St Louis Web Design