IL Pension Crisis - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

IL Pension Crisis

By CBS4 Newsroom
newsroom@cbs4qc.com

SPRINGFIELD, Ill. (AP) _ Illinois' multibillion-dollar pension crisis has prompted a rising number of lawmakers to say they won't accept their legislative pension.

               The (Bloomington) Pantagraph reports (http://bit.ly/XssQUI ) at least two dozen of the 177 members of the House and Senate have opted out of the General Assembly pension system.                 Timothy Blair, who oversees the pension system, says that's the biggest uptick he's seen.

               Many lawmakers pledged during their campaigns not to take the pension. But that doesn't mean they'll never get a state retirement check. Some earned pensions in previous jobs.

               Rep. Sue Scherer, a Democrat from Decatur, issued a statement last week trumpeting her decision to forego her legislative pension. But she's already collecting $5,084 per month after retiring from a 33-year teaching career.