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.

Comments

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Daily Chronicle.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Watch Now

Player embeded on all DDC instances for analytics purposes.

Pet of the Week: Sally

More videos

Reader Poll

What movie are you most interested in seeing this summer?
"Godzilla"
"Guardians of the Galaxy"
"Jersey Boys"
"Maleficent"
"Transformers: Age of Extinction"