Quinn To Lay Out Pension Fix Friday

Illinois Gov. Pat Quinn will lay out major proposals for fixing the state’s pension mess Friday. A state lawmaker suggested they will include higher employee contributions and more modest annual increases.
The Democratic governor confirmed his plan Thursday after another major announcement about savings in Medicaid health programs.
Quinn will move forward on a pension fix as a group of lawmakers assigned to suggest ideas has not agreed on a complete plan.
Rep. Elaine Nekritz is a Northbrook Democrat on the committee. She says Quinn’s staff told the group he wants employees to make higher contributions toward their pensions and will propose changes to cost-of-living increases. She would not be more specific.
Illinois pension systems are underfunded by $80 billion. Nekritz says Quinn will propose full funding in 30 years.  (AP)

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