Illinois Speaker says pension is #1 problem - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

Illinois Speaker says pension is #1 problem

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by CBS4 Newsroom
newsroom@cbs4qc.com

(AP)  House Speaker Michael Madigan says Illinois' pension crisis remains the most serious problem lawmakers face.  The Chicago Democrat addressed newly-sworn in House members Wednesday 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.

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