Tagged: Pension reform

Illinois Governor Pat Quinn's office is touting a one-page analysis claiming higher education will suffer if lawmakers fail to address Illinois' pension problem.

In the so-called study, Quinn's budget office estimates that state funding of higher education will steadily decline over the next five years.

The projections show more money would be needed to pay for university and community college employees' pensions, which would leave less for schools and scholarships for needy students.

Democratic Illinois Governor Pat Quinn and House Speaker Michael Madigan (D-Chicago) support a proposal to shift the pension funding burden from the state to local school districts.

But State Senator John Sullivan (D-Rushville) said there are good reasons to oppose the plan.

“It's a triple whammy for the districts,” Sullivan said. He pointed out:

1) Local districts would be burdened with the responsibility for a major expense.

2) State financial support for school districts continues to decline.

Governor Pat Quinn has called lawmakers back to Springfield for a one-day special session to reform the state's pension systems.

But so far he doesn't have a plan beyond that.

"We've had proposals this year, we've had a working group this year, we've had discussions and negotiations this year," Quinn said.