Digital Access

Digital Access
Access daily-chronicle.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more!

Text Alerts

Text Alerts
Choose your news! Select the text alerts you want to receive: breaking news, prep sports scores, school closings, weather, and more.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Sign up for free e-newsletters today.
The Holiday Gift Auction is Live! Click here and bid now on great local gifts!
Government State

Cullerton: Pension plan solid, constitutional

SPRINGFIELD – Illinois Senate President John Cullerton is defending attempts to fix the state's pension problem after an influential business group said it couldn't be done.

The Chicago Democrat released an open letter Thursday spelling out how proposed legislation to fill a huge funding gap in state-employee retirement systems would work and blaming Republicans for blocking it.

The letter was addressed to Tyrone Fahner, president of the Civic Committee of the Commercial Club of Chicago. Fahner released a memo Wednesday calling the pension crisis so big it's "unfixable."

The pension plans are underfunded by at least $85 billion.

Cullerton says the GOP has blocked Democrats' plan to reduce pension benefits and shift some costs to local schools. He says measures the Civic Committee has supported are unconstitutional.

Loading more