Businesses in Illinois want action on pensions
SPRINGFIELD – Business interests in Illinois say they're behind Gov. Pat Quinn's call for pension reform.
The Illinois Manufacturers' Association says "the time for talk is over." Association president Greg Baise says the Illinois General Assembly must pass pension reform because the state's fiscal instability is forcing businesses "to look elsewhere for future investments."
Quinn discussed the state's nearly $100 billion pension crisis during his State of the State address on Wednesday.
The Illinois Chamber of Commerce says pensions are "the single most pressing public policy issue." The chamber calls lawmakers' failure to address pensions "unconscionable."