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Getting Closer To A Pension Deal

Mon, 29 Jul 2013 16:37:26 CDT
By: IPR's Brian Mackey

A member of the Illinois legislature special committee on pensions says the group is closing in on a compromise. As IPR's Brian Mackey reports, it remains to be seen whether the measure will have enough support in the full General Assembly.

   

The 10-members of the bipartisan conference committee have been meeting for more than a month.
A good chunk of that time has been waiting for actuaries to analyze the various proposals -- seeing how much of Illinois' nearly $100 billion in unfunded pension liabilities might be eliminated.

"We sent a, hopefully, a final round of scoring back to the actuaries to come up with some solution."

State Sen. Bill Brady is a Republican from Bloomington. He says there's been "a great deal of compromise" among his fellow pension committee members.

"I'm hopeful that our work and effort will bring the conference committee to a consensus resolution, and then we can employ the legislative leaders to help us pass a bill."

Brady says he hasn't heard from Gov. Pat Quinn -- or anyone on the governor's staff -- since Quinn vetoed lawmakers' salaries as punishment for not passing pension legislation.

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