Pension changes in more jeopardy as Radogno backs off Senate plan – Springfield, IL – The State Journal-Register

17 Aug

Already slim chances that Friday’s special session of the Illinois General Assembly will result in state pension changes might have vanished altogether Thursday, when Senate Republican Leader Christine Radogno revoked her support for a halfway measure GOP senators previously helped pass.

Top aides to Gov. Pat Quinn said they were stunned by Radogno’s reversal, but they still hope to salvage the pension session. They said they have received positive feedback from credit-rating agencies about the partial pension proposal.

The bill, House Bill 1447, applies only to pension systems covering state employees and legislators, not to those covering downstate teachers, university employees and judges.

Speaking before Republican Day at the Illinois State Fair, Radogno said lawmakers should act to bolster funding for all five systems. She dismissed the idea that approving HB1447 would help the state’s bond rating. More…

via Pension changes in more jeopardy as Radogno backs off Senate plan – Springfield, IL – The State Journal-Register.

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