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Quinn: Madigan pension bill deserves Senate vote

Published: Thursday, May 9, 2013 1:06 p.m. CDT • Updated: Thursday, May 9, 2013 1:08 p.m. CDT

SPRINGFIELD, Ill. (AP) — Gov. Pat Quinn says House Speaker Michael Madigan's pension-reform plan deserves a Senate vote.

The Democratic governor said the proposal is comprehensive.

Illinois has nearly $100 billion in pension debt because of years of state underfunding.

Senate President John Cullerton has a different idea he plans to call for a vote Thursday afternoon. Public employee unions back that proposal.

The House approved the Madigan bill last week. It would require employees to pay 2 percent more toward retirement benefits. It would reduce annual cost-of-living increases for retirees and raise the retirement age for workers under 45.

Cullerton's proposal would offer employees a choice between health insurance or cost-of-living increases. He says it would survive a court challenge.

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The Cullerton bill is SB2404. The Madigan bill is SB1.

Online: http://www.ilga.gov

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