Mostly Cloudy
60°FMostly CloudyFull Forecast

Senate president says pension issue is complicated

Published: Wednesday, March 6, 2013 2:08 p.m. CDT

SPRINGFIELD – Senate President John Cullerton says lawmakers know they need to act on pension reform, but doing so is "hard" and complicated.

Gov. Pat Quinn blasted lawmakers in his budget address Wednesday for failing to fix Illinois' $97 billion pension crisis. The governor says skyrocketing pension costs led to painful cuts in areas such as education.

Cullerton says he hopes to call his pension bill for a committee hearing next week.

The bill would include a plan proposed by House Republican Leader Rep. Tom Cross and Democratic Rep. Elaine Nekritz. It calls for cuts to benefits and creating a 401K-style retirement plan for some public employees.

Cullerton says the issue is complicated by a constitutional amendment that says the state cannot reduce benefits for public employees.

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 This material may not be published, broadcast, rewritten or redistributed.

Watch Now

Player embeded on all DDC instances for analytics purposes.

Pet of the Week: Chip

More videos »

Reader Poll

How many work emails do you receive daily?
Fewer than 15
15 to 30
31 to 50
More than 50