Governor Quinn voices funding guarantee importance - – Rockford’s News Leader

Governor Quinn voices funding guarantee importance


Illinois Governor Pat Quinn responds to House lawmakers' third pension-related bill.

It would reduce and delay cost-of-living increases in state employees' retirement pay. 

Quinn says last week's decision was a step in the right direction but should include a funding guarantee.  Some proposals allow for the individual pension recipient to sue the state if the state didn't make pension payments.

 69th District Representative Joe Sosnowski says "You need to have that added weight of the courts, weighing in. In addition, we've talked about the pension bonds that have been taken out years ago, once those are paid off, having those dollars freed up to go towards pension payments is important also."

 A lack of pension payments for years from lawmakers has Illinois nearly $100 billion in unfunded pension debt.

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