Tuesday, Mar 31, 2015
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Illinois pension payments up next year by nearly $700 million

Illinois AG files notice of appeal in pension case

Removing The Pension Protection Clause

Moody's: Ill. pension debt vs. revenue is worst

Individual state pension miscalculations can now be legally addressed, fixed

Recent Comments

hug_a_bear - Tom Schweich spokesman Spence Jackson found dead - Quincy, IL News - QuincyJournal.com
While every one is fighting over whether he is really dead or not, no one finds it strange that this guy and his boss both shot themselves in the same month. Maybe they were both were involved in something bad enough that they felt this was the only option.
Loverofblues - Parents want ability to opt kids out of state tests - Quincy, IL News - QuincyJournal.com
I agree as it is now by law parents can't excuse their student from not taking the test.
Loverofblues - Parents want ability to opt kids out of state tests - Quincy, IL News - QuincyJournal.com
Advanced English classes doing research. Part of our computer lab is in our library so when testing is going on students can't use the IRC.
ONCEMORE1 - Tom Schweich spokesman Spence Jackson found dead - Quincy, IL News - QuincyJournal.com
Since the headline cries "Found Dead" and further in it says " being investigated as a suicide", my guess would be the reporter meant to say "apparent suicide". Just another innocent victim of poor composition and lack of proofreading. Furthermore, if all news releases depended on named sources and not requested anonymity, there just wouldn't be a lot of news released. Your point…
pjohnf - Obama’s Coming Break with Israel - Quincy, IL News - QuincyJournal.com
Obama appears to have a hatred for Israel and Netanyahu when he proposes the return to the 1967 boundaries. There will never be a two state solution as long as the Palestinian Authority and Hamas call for the destruction of Israel. Obama is naïve to think that these three groups will get along and co-exist peacefully. The only solution to this mess is when one of the groups completely destroys the…

Most Popular

12 yr old boy shot and killed Sat morning Updated

Reward now offered for info on shooting of Quincy 12 yr old

Wagner and Griggs capture state title

Schock says he leaves Congress with sadness, humility

Happy Easter from Quincy Mall

Fishing For Freedom Registration Now Open

Mid-America Military Salute to Host 'Human Foosball' Fundraiser

Parents want ability to opt kids out of state tests

Sen. Cullerton backs pension reform that will supposedly save $138 million

1 year, 5 months ago From sj-r.com

Illinois Senate President John Cullerton said Wednesday he’s working to build support for a compromise pension reform plan that would save $138 billion over 30 years.

“There’s a compromise that we’re talking about right now,” Cullerton told the editorial board of The State Journal-Register. But he said that while the legislative pension reform committee  worked to develop and evaluate the plan, that group has yet to reach agreement.

The Chicago Democrat said he supports the plan, adding that he hopes it can be acted on during the veto session scheduled to begin Oct. 22.

Elements of the compromise include having what is now a 3 percent compounded cost of living adjustment added to pension payments changed to half of the Consumer Price Index. Cullerton said the COLA couldn’t drop below 1 percent.

“It has a ceiling of 4 percent,” he added, “which is important because if there is inflation, there could be an actual opportunity for people to … get more than they’re getting now.”

Estimates are that the proposal would have state pension funds fully funded by 2043.



Read more: http://www.sj-r.com/breaking/x452546738/Cullerton-backs-pension-reform-plan-to-save-138-billion#ixzz2gfwDdVMz


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 31 minutes ago

Madigan announces Illinois anti-sexual assault effort http://t.co/7bnGSj6A2q
QuincyJournal on Twitter

QuincyJournal 1 hour, 33 minutes ago

52 Percent of Illinois Wheat Rated Good to Excellent http://t.co/7dw8NjRy7D
QuincyJournal on Twitter

QuincyJournal 2 hours, 34 minutes ago

Quincy Public Schools Kindergarten Roundup http://t.co/N7e5vFdAxV
QuincyJournal on Twitter

QuincyJournal 2 hours, 34 minutes ago

Syngenta invites students to contribute to ag sustainability dialogue http://t.co/73hWla5uXt