Illinois Governor Seeks Fast Vote on State’s Long-Troubled Pension Systems – NYTimes.com

2 Jan

CHICAGO — As Illinois lawmakers head back to work this week, Gov. Pat Quinn is seeking to use the practical advantages of a lame-duck legislative calendar to fix the state’s pension systems — the most underfinanced in the nation — in a matter of days.

Over the years, leaders here have fretted over the shortfall even as they watched it grow and grow, now reaching, by some estimates, $96 billion. Mr. Quinn, a Democrat, has come to describe the situation as the state’s “rendezvous with reality” and Illinois’s own “fiscal cliff.” He has tried — to somewhat mixed results and at least a degree of mocking — to stir up public concern by releasing videos, including one featuring an orange cartoon snake named Squeezy the Pension Python. More…

via Illinois Governor Seeks Fast Vote on State’s Long-Troubled Pension Systems – NYTimes.com.

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