Illinois pension reform: Civic Federation sides with Madigan over Cullerton – Blogs On Politics – Crain’s Chicago Business

13 May

A top Chicago watchdog group is lining up with Illinois House Speaker Michael Madigan in the Springfield showdown over how to reform the state’s pension system.

In a report out today, the Civic Federation says that a bill pushed through the House by Mr. Madigan “will produce pension savings of the magnitude needed to stabilize the state’s finances.” But a competing plan by Senate President John Cullerton “doesn’t even get us back to where we were last year,” said Federation President Laurence Msall in an interview last Friday.

“There’s a pretty stark difference in the savings of the one bill to the next,” Mr. Msall said. The Madigan bill “has the components we need.”

The federation has been increasingly outspoken about the state’s pension woes in recent months, but its flat endorsement of the Madigan bill comes amid a stalemate in which it’s uncertain whether each legislative leader will allow his chamber to take up the other’s bill and, if the measure is put to a vote, work against it. More…

via Illinois pension reform: Civic Federation sides with Madigan over Cullerton – Blogs On Politics – Crain’s Chicago Business.

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