Effingham Daily News, Effingham, IL

Local News

November 27, 2013

Illinois legislators reach pension deal

SPRINGFIELD — After more than five months of work, Illinois' legislative leaders announced Wednesday they've reached a deal to help solve the state's $100 billion pension problem, considered the nation's worst.

Leaders announced the agreement, but no details, following a Wednesday meeting.

House Speaker Michael Madigan's staff is putting together an "explanatory memo" for lawmakers and will send details of the proposed legislation to them Friday, said Madigan spokesman Steve Brown.

The Illinois House and Senate will consider the measure in a special session, which has been set for Dec. 3.

Lawmakers have faced considerable pressure to act on pension reform following years of unheeded calls for them to pass a savings plan. Years of skipping or shorting payments have resulted in multiple bond rating downgrades, with key funds being diverted from schools and social services.

The committee tasked with finding a solution was formed in June when lawmakers reached an impasse on competing plans. Gov. Pat Quinn later halted lawmakers' pay until the issue was resolved— a move later found to be unconstitutional by the courts.

The four leaders of the House and Senate have been working with a proposal developed over the summer and autumn by the 10-member committee of lawmakers. The committee plan would have saved the state $138 billion over 30 years.

Despite no knowledge of the details, the state's major employee unions said Wednesday they were opposed to the deal, saying they were left out of negotiations and that they believe elements are unconstitutional.

"We have tried for three years now to work with legislative leaders and the governor to develop pension reform ... that is fair to workers and retirees," American Federation of State, County and Municipal Employees union spokesman Anders Lindall said Wednesday.

1
Text Only
Local News
  • Feds: Effingham County was meeting place for underage sex tryst

    An Ohio man has been indicted by a federal grand jury on charges that he traveled out of state to meet an underage person in Effingham County for sexual activity.

    July 25, 2014

  • Jail inmate attempts suicide

    An unscheduled cell check is credited for saving the life of an Effingham County Jail inmate who tried to hang himself early Thursday morning.

    July 25, 2014

  • Woman injured in Farina collision

    An accident on Washington Street sent one driver to the hospital Thursday.

    July 25, 2014

  • Driver crashes after being forced off road

    A driver crashed after being run off the road by a semi on Interstate 70.

    July 25, 2014

  • Rollover on I-70 sends one to hospital

    An accident on Interstate-70 sent one traveler to the hospital.

    July 25, 2014

  • Motorcycle rider ejected in Flora accident

    A driver was ejected from his motorcycle in an accident.

    July 25, 2014

  • Altamont man found dead in home

    An Altamont man was found dead in his home during a welfare check.

    July 25, 2014

  • N1312P17015C.TIF Two cents on minimum wage increase TONY HUFFMANDaily NewsA ballot measure that will give Illinois voters the opportunity to vote on a nonbinding referendum, which could lead to a $10 minimum hourly wage statewide, has brought ire by some and adoration by others.Local business advocate

    July 25, 2014 1 Photo

  • Church Briefs Centenary UMCCentenary United Methodist Church, Effingham, will host the following activities:• Sunday, July 27: Connection Time, 10 a.m.; Lavender Ridge Worship, 2 p.m.; Youth Group, 6 p.m.• Monday, July 28: Quilters, 9 a.m.• Tuesday, July 29: Brook

    July 25, 2014

  • McCoy family reunion The 42nd annual reunion of the descendants of William Creighton and Nancy (Ward) McCoy was held at Dieterich Civic Center on July 20. A basket dinner was enjoyed by 36 relatives.Business meeting was held in the afternoon at which plans were made for

    July 25, 2014

AP Video
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.