Sunday, January 24, 2016

Senate leader wants pension details from governor in writing

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CHICAGO – Illinois Senate President John Cullerton said he wants Gov. Bruce Rauner to put in writing the details of a proposed pension overhaul their attorneys have been discussing for weeks.

Cullerton issued a statement Friday saying there was “confusion” after the Republican governor told reporters a day earlier that he backed the Democrat’s plan as long as it included a provision aimed at collective bargaining.

Cullerton said Rauner’s public statements didn’t match what the two discussed privately. Rauner’s office has suggested the governor wasn’t “precise in his word selection” and the two sides do agree.

Cullerton’s plan lets workers choose between keeping cost-of-living increases in retirement and counting future raises when calculating retirement benefits.

Last year the Illinois Supreme Court rejected another pension overhaul.

Illinois’ unfunded pension liability is around $111 billion.

Above is from:  http://www.nwherald.com/2016/01/22/senate-leader-wants-pension-details-from-governor-in-writing/aba1v9d/

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