Time Running Out For Pension Talks

The president of the Illinois Senate is sharing pension proposals with newspaper people around Illinois. The key to a compromise being discussed would tie cost-of-living increases to inflation. Two members of the legislature’s conference committee view the president’s tactic differently.  “He didn't just lay out a sketch of a compromise,” says Sen. Daniel Biss (D-Evanston). “He expressed a willingness and a confidence in his ability to put 18 Democratic votes” on the bill. Biss says that’s significant.  Sen. Matt Murphy (R-Palatine) has other words for it.

 

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“We haven’t quite reached compromise yet, and, (the president’s statement) is a pretty, frankly, significant breach of that agreement to keep things confidential.”  The fall veto session takes up three days this month and three days next month. Some lawmakers hope to have the pensions on track by the end of that session. The public pension systems are underfunded by $100 billion.

 

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