• Bipartisan committee holds first pension hearing

    by  • June 27, 2013 • News

    A conference committee begins hearings today on how to fix Illinois’ pension systems, which are underfunded by an estimated $100 billion.

    Gov. Pat Quinn told the committee he wants a solution on his desk within the next 12 days.

    But the chairman of the conference committee, state Sen. Kwame Raoul (D-Chicago), says the deadline is artificial and unrealistic and asks what the governor is going to do about the imposed deadline.

    The year is almost half over, and no solution has come. The house and senate have passed contrasting bills, with the senate flunking the house version and the house not even considering the senate one.

    Raoul says the general assembly has operated for the last several months as if there are two and only two options toward tackling this problem.

    The group’s first meeting is today in Chicago. It includes five members of each chamber, with three of each five being democrats.