• Cullerton pushing for pension overhaul

    by  • January 29, 2013 • News

    Illinois senate president John Cullerton wants to push forward with a pension overhaul “as quickly as possible” and says the timing is good to move forward with legalizing gay marriage.

    He spoke to the City Club of Chicago yesterday, giving a slide-slow presentation on Illinois’ financial problems. The Chicago democrat stressed the need for addressing Illinois’ worst-in-the-nation pension problem, which he says drains the state budget.

    Cullerton introduced a bill after lawmakers were sworn in this month. Senate Bill 1 combines a senate-approved measure along with a bill that failed to get a house roll-call. He says he’s working to get support. The senate reconvenes next week.

    Cullerton says standard & Poor’s recent credit rating downgrade should motivate lawmakers to act.