Madigan Talks Pensions At House Inauguration

House Speaker Michael Madigan says Illinois’ pension crisis remains the most serious problem lawmakers face.
The Chicago Democrat addressed newly-sworn in House members photoWednesday at the University of Illinois at Springfield.
Madigan says it’s a “terribly contentious” issue because any reform would be a change to what workers had been promised.
House lawmakers adjourned the lame-duck session Tuesday without calling for a vote on pension-related legislation.
On pensions, Madigan also stressed the importance of addressing what’s known as the “cost-shift,” where the state picks up downstate and suburban school district retirement costs.
Madigan calls it a “free lunch” that needs to be addressed.  
The issue was a sticking point on pension talks. Madigan said earlier that he was willing to set it aside temporarily to accomplish some pension overhaul.

This entry was posted in Statehouse. Bookmark the permalink.

Comment on this Story

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s