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State senate president floating pension compromise

Tue, 05 Jun 2012 16:13:43 CDT
By: AP

The president of the Illinois Senate is promoting a possible compromise on the state's costly retirement systems. President John Cullerton says state leaders should push ahead on changes for state employees and the General Assembly, where there's general agreement on what to do. While that's being done, officials could continue negotiating on retirement changes for teachers and university employees. Cullerton says cutting costs at just two pension systems would be ``a simple one-day fix.'' Legislation doing that has already been approved by the state Senate. The Chicago Democrat is to meet with the governor and legislative leaders Wednesday to discuss pension systems. They cost the state billions each year but lack the money that will be needed eventually for benefits.

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