Friday, Oct 24, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Removing The Pension Protection Clause

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

Individual state pension miscalculations can now be legally addressed, fixed

State retiree insurance premiums dropping to pre-July 1 levels

Average Illinois public pension catching up to average salary

Recent Comments

tts - QPD Blotter for 10/23/14 - Quincy, IL News - QuincyJournal.com
Sounds to me like an insurance scam!
GoSalukis - GREDF supports Quincy School Building Referendum - Quincy, IL News - QuincyJournal.com
The real question is: Who in the world is looking to GREDF for voting guidance? Yawn.
mwhunter45 - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
I understand that teacher's do not have opulent salaries but the statement about throwing good money after bad is biased. From what I have heard, the schools are structurally sound. Also, the state should not have tell us what repairs have to be made as they should have been completed as necessary. Doesn't the school district have paid staff to understand the state laws for maintenance…
pjohnf - Rauner makes Quincy stop on downstate swing - Quincy, IL News - QuincyJournal.com
Rauner doesn't have to tell voters in Cook County to vote. they'll be voting early and often anyway, heck even dead ones vote in Cook county and republicans vote for democrats when using faulty voting machines.
TheyRclueless - QPD Blotter for 10/23/14 - Quincy, IL News - QuincyJournal.com
Stolen was a purse, wallet, credit card, iPad, 18-inch TV, GPS, cash, diamond earrings with matching necklace, and sunglasses. Doesn't everyone keep those items on an unlocked car behind your house?

Most Popular

Authorities make meth bust on Madison

Adams Co. Divorces for 10/17

School Board to outline plans for savings, old buildings if referendum passes

Despite record yields for farmers, Titan's Taylor sees down year for tires in 2015

Illinois Early Voting starts: Cook County ballot box tries to cast GOP votes for Democrats

Bill Clinton to address workers at pro-Quinn rally

Upcoming Adams County blood drives

Quincy man accused of theft from elderly woman

Illinois Senate president: Chicago pension fix job 1 this year

9 months ago from Chicago Tribune

Cullerton’s comments come less than two months after the state approved a massive plan to deal with the $100 billion pension debt for state workers, university employees and teachers outside Chicago

From from Chicago Tribune:

With Chicago staring at a deadline for coming to grips with a $29 billion pension debt for teachers and public safety workers, Illinois Senate President John Cullerton is urging unions to help negotiate an agreement on retirement benefits lest lawmakers act on their own.

But Cullerton, in a Tuesday interview ahead of next week’s new legislative session, also said that coming up with a deal on city police and firefighter pensions could be very complicated since fixes applied to other government worker pension systems wouldn’t apply.

“The pensions for Chicago is a real major issue which we have to deal with because if we don’t, we’ve got built in triggers that would require dramatic increases in contributions into those pension funds,” the Northwest Side Democrat said. “It’s a crisis if we don’t do anything.”

Cullerton and House Speaker Michael Madigan helped build in those city pension triggers by passing a 2010 law requiring increased payments for public safety pensions.

Cullerton’s comments Tuesday come less than two months after state legislators and Democratic Gov. Pat Quinn approved a massive plan to deal with the state’s $100 billion pension debt for state workers, university employees and teachers outside Chicago. Those changes involve curbing cost-of-living increases and increasing retirement ages for workers while also lessening employees’ contributions to their retirement system. The law is being challenged in court by worker and retiree groups over its constitutionality.

Without quick changes in state law, Chicago Public Schools face a $612 million payment for teacher pensions for the budget year that ends June 30, about triple what they had been, Cullerton said. At the same time, payments for police and fire pensions will increase by nearly $600 million next year.

At one point last year, Cullerton proposed a measure to delay increased city payments to police and fire pensions until 2018. The plan also would push back the need for large-scale increases in city funding for those pensions until 2022, buying Mayor Rahm Emanuel even more time.

Cullerton said that proposal was designed to get people to the negotiating table and not to delay the day of reckoning.

Click Here to Read Full Article


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 1 hour, 24 minutes ago

GREDF supports Quincy School Building Referendum http://t.co/Yk04s0tGWr
Bob Gough on Twitter

Bob Gough 1 hour, 45 minutes ago

@keithlaw At least the Phillies waited for a Series off day to announce this blockbuster.
Bob Gough on Twitter

Bob Gough 2 hours, 18 minutes ago

Maybe the slogan should be "Your news later" #amIright
Bob Gough on Twitter

Bob Gough 2 hours, 29 minutes ago

Waiting on media brethren before this news conference will start. #neverfails