SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Quinn to do a drop-by at pension summit

Monday, Feb 11, 2013

* I’m told that Gov. Pat Quinn will drop by today’s pension reform summit, which was called by organized labor. He won’t attend the whole event, but he has sent a couple of people in his stead, Gary Hannig and Jerry Stermer. The governor’s office stresses that Quinn and his staff have met with the unions “numerous times” over the past year.

Senate President John Cullerton is sending people today as well, but Speaker Madigan is not. House GOP Leader Tom Cross will attend today…

Illinois House Republican Leader Tom Cross will be available for questions from the media after the “We Are One Illinois” Pension Summit this afternoon. The Summit is being held at 1 p.m. at the Illinois AFL-CIO offices in Burr Ridge, 999 McClintock Drive, Suite 100. Cross will be available outside those offices immediately following the meeting.

* In related news, Finke had a very good piece over the weekend on pension reform

“Of principle concern to the Commission is the accumulation of large unfunded accrued liabilities resulting for the most part from the inadequacy of government contributions in prior years to meet increases in costs due to the upward trend in salary rates and large additions to the membership of the funds.”

That could have come from any number of studies in recent years about funding problems facing public employee pension plans in Illinois. But it didn’t. That warning was part of a report by the Illinois Public Employees Pension Laws Commission to Gov. William Stratton … in 1959.

Go read the whole thing. Some interesting items

“Then, during the Thompson administration, they came up with this proposal that they felt they really don’t need to contribute even this 100 percent of payout because there’s been good years of investment return,” Goldstein said. “Because of that, they proposed they would only pay 60 percent of the payout.

And

The Civic Committee of the Commercial Club said Edgar’s approach “was structurally flawed from the beginning.” Not only was the payment plan backloaded, it wasn’t based on actuarial requirements. Consequently, pension debt continued to balloon.

And

Full funding assumes that all workers will retire at one time and the state will have to pay their pension benefits.

“You never have to pay all the benefits promised (at once),” Martire said.

* And the Tribune panics

Lawmakers have stalled on fixing this mess. They didn’t even meet for more than a few hours the entire month of January. February doesn’t look much better: The House meets for only nine days; the Senate is in Springfield only eight days. But the members rack up pension credit regardless of whether they’re in Springfield.

They’ve “stalled” for decades.

* Related…

* Tom Kacich: Pension mess not Quinn’s fault

* Prison officers ‘not the enemy’ in state pension battle

* Deadbeat Illinois: State falling behind on burial expenses, too

* Unionized prison employees picket at Menard

- Posted by Rich Miller        


13 Comments
  1. - Loop Lady - Monday, Feb 11, 13 @ 11:36 am:

    Pretty arrogant of Madigan, but I’m not surprised.

    He could at least send a surrogate.


  2. - PublicServant - Monday, Feb 11, 13 @ 11:43 am:

    ===He could at least send a surrogate.===

    Darth Vader was not available.


  3. - wishbone - Monday, Feb 11, 13 @ 11:50 am:

    Why the Republicans can’t make the case that they would do a better job than the Democrats (my party) of handling this problem is a complete mystery to me. If only they did not waste their efforts trying to roll back the clock on social issues they have no control over they might just fashion a majority party based on fiscal responsibility. Nah.


  4. - rusty618 - Monday, Feb 11, 13 @ 12:59 pm:

    If Quinn and his staff have meet with the unions “numerous times” over the past year, why have these meeting not been publicized, and why have they not even considered any of the union’s proposals? Everything Quinn or the GA comes up with seems to be unconstitutional.


  5. - Under Paid - Monday, Feb 11, 13 @ 1:28 pm:

    “Why the Republicans can’t make the case that they would do a better job than the Democrats (my party) of handling this problem is a complete mystery to me.”

    The answer to the question seems simple to me. The Republicans, and the Democrats, have three basic options to solve the problem:

    1 - They could cut pensions. This option appears to have major legal problems so it is not one consider any more.
    2 - Raise taxes. For a Republican this option is ‘dead on arrival’. The tax increase required to solve the problem would cause the Republican base to revolt.
    3 - Cut spending in other parts of the state budget. This works for Republicans until the numbers come out. As the cuts will need to cover the entire load of pension reform they will need to be so deep that members of both parties will gasp. The program cuts, layoffs, closed facilities, etc. will create lots of negativism in the taxpayers (aka voters) toward anyone who votes for it.

    If I was a leader of the Republican party I would let the Democrats take the heat when the solution is put forward. I might then gain more votes for myself at little or not cost to myself.


  6. - TwoFeetThick - Monday, Feb 11, 13 @ 1:39 pm:

    === If I was a leader of the Republican party I would let the Democrats take the heat when the solution is put forward. I might then gain more votes for myself at little or not cost to myself.===

    ‘Cause that strategy has worked out just swimmingly for Republicans so far. Why, they have almost 20 members in the Senate!

    If they would put together a thoughtful, alternative proposal on, well, anything, perhaps people wouldn’t be voting them into oblivion.


  7. - Cincinnatus - Monday, Feb 11, 13 @ 1:59 pm:

    I’ve long been a proponent of the idea that the Republicans should introduce bills with their ideas outlined, even if those bills die in committee or on the floor. BUT, notice that Congressional Republicans have done just that on the budget, and for 1400 days the Democrat Senate has not passed a bill, yet somehow Republicans are to blame. So it really becomes an issue where the media refuses to hold certain parties responsible. Damned if you do, damned if you don’t…


  8. - Liberty_First - Monday, Feb 11, 13 @ 2:33 pm:

    Underpaid- they could also amortize the unpaid debts over a longer period of time. The quest to take a 40% funded system to 100% funding in 30 years to save on bond rates is simply not possible without screwing pensioners.


  9. - walkinfool - Monday, Feb 11, 13 @ 3:09 pm:

    When are we going to stop rehashing the history? All the people working on this know all of that already.

    Let’s just talk proposed, realistic solutions.

    The only way good Republican ideas on pensions will become bills, is when Nekritz or Cullerton take them,(as they already have), and put them in their own bills. The reluctance of individual GOPers (other than Fortner), to formally stand up for their own ideas on this issue, has been curious to me.

    Perhaps it’s just risk avoidance, since every piece of every solution angers some big constituency.


  10. - Under Paid - Monday, Feb 11, 13 @ 3:25 pm:

    “The quest to take a 40% funded system to 100% funding in 30 years to save on bond rates is simply not possible without screwing pensioners.”

    Any major change to what is paid to current pensioners and those who are currently working for the state runs into constitutional issues. My guess is that the pensioners and current workers would win in the courts if any type of major change was approved.

    Some very minor changes might be possible if they done with great care. The problem is that minor changes may not save much money for the pension systems. In addition, the unions would fight hard in the courts against any change of any type no matter how minor. The minor changes, if they come, would also not appear for years because of the court fight. In addition, at least some Democrats would have to vote for any type of changes. That probably would cause lots of unhappyness with one of the largest block of their current backers (people who are active party workers, campain donors, voters, etc.).

    I do not see the pensioners or the current workers putting in any major amount of money to reform the pension system.


  11. - Nickypiii - Monday, Feb 11, 13 @ 3:56 pm:

    AFSCME has already volunteered to increase employee contributions by 2% only if and when the State legislature agrees to never again short the States required pension contributions. This union idea is the only proposal so far that will pass Illinois’s Constitutional requirement of undiminished pension benefits.


  12. - titan - Monday, Feb 11, 13 @ 4:14 pm:

    @Nickypm - not necessarily…requiring increased contirbution for the same old previously promised benefit is a “diminishment”, so it might not pass muster.


  13. - Anonymous - Monday, Feb 11, 13 @ 5:52 pm:

    Read “Quinn to do drive-by” instead of “Quinn to do drop-by”.


Sorry, comments for this post are now closed.


* Where do these people learn to talk like that???
* Suarez stands by her ad, produces evidence
* Question of the day
* *** UPDATED x1 *** Lifestyles of the rich and famous
* A very good point
* Rauner outspent 2-1 on Chicago TV last month
* So far, it's still stuntish
* Politico report: Enyart slipping fast, Callis dumped
* *** UPDATED x1 - Another poll shows single digits *** Poll: Durbin with a single digit lead and slightly below 50
* *** UPDATED x1 - Suarez produces evidence *** A big swing and an even bigger miss
* *** UPDATED x1 - Dold response *** Schneider up with first TV ad
* This year's best test of party strength
* A boldfaced lie
* Rate Gov. Quinn's new TV ad
* SUBSCRIBERS ONLY - Supplement to today’s edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * Lumia 830 leaks trump previous rumors, only 10 megapixel camera?
        * Galaxy Note 4 camera, working iPhone 6 leaks, iWatch times & more – Pocketnow Daily
        * Rooted Android devices being denied access to Barclays bank apps
        * Moto G2 retail box caught on camera at retailer’s warehouse?
        * T-Mobile set to launch a new ZTE-made 4G hotspot device?
        * Bio Inc game lets you create the ultimate disease
        * Two new T-Mo Alcatel phones available from next week

        * The Technology of Travel
        * iPhone 6 Weekend Launch Sales To Be Lower Than Expected [Analyst]
        * Apple Rumored To Have Partnered With Nordstrom For Mobile Payments
        * Nokia Lumia 830 Could Sport 10MP PureView Camera [Rumor]
        * There’s now a virtual reality headset designed specifically for an LG mobile phone
        * Opera Mini For Windows Phone Enters Into Public Beta
        * Windows Phone Developers Spend The Most Time On Design [Survey]

        * Season Review: 2014 Charlotte Knights
        * White Sox call up Josh Phegley, Marcus Semien, Jordan Danks, Scott...
        * Prospect Rodon not among White Sox callups
        * White Sox unburden themselves for September
        * White Sox Minor League Update: End of the regular season
        * Noesi looks to continue push toward season's end
        * Williams conveys important message to Little Leaguers


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        September 2014
        August 2014
        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * Bruce Rauner seems to think Illinois voters are.....
        * Can youth football be a safer game?..
        * peHUB Second Opinion..
        * Which States Have the Best Technology?..
        * Quinn Mows Lawn In Latest Ad..
        * Gubernatorial candidates discuss jobs, veterans..
        * Critics take on Quinn’s $102 million high-speed.....
        * Candidates for Governor battle over military ve.....
        * State accepting patient applications for medica.....


        * Study: Playing music helps sharpen kids' brains
        * EPA OKs FutureGen plan for CO2 storage
        * Kirk: US must take hard line against Islamic State
        * Gubernatorial candidates discuss jobs, veterans
        * Suburban Chicago man sentenced for killing infant
        * Rauner criticizes Quinn on veterans
        * Illinois woman rescued after day stuck in mud
        * First medical marijuana tally expected next week
        * School starts in Chicago with more safety guards
        * Climatologist says August warmed up in Illinois

        * Rauner criticizes Quinn on veterans
        * Gubernatorial candidates discuss jobs, veterans
        * Quinn: Eating crackers on minimum wage challenge
        * Illinois prisons struggle with backup power issues
        * State starts accepting medical marijuana requests
        * Audit finds state lax in reviewing eligibility for children’s health insurance program
        * Does the governor need to live in the Executive Mansion?
        * Statehouse Insider: Hands off investments
        * State of unions: AFSCME wins some, loses some on outsourcing
        * State of unions: Domination of Illinois' workforce becomes campaign issue

        * Rauner's $100,000 question
        * Amtrak renews complaint against freight line over Chicago-Carbondale delays
        * A new, improved commuter bike for $325? Well, sort of
        * Hinshaw merger sets up law firm for more growth
        * Thoma Bravo to buy Compuware


        * Three dead, at least 37 hurt in Labor Day weekend shootings
        * New school year brings changes to Gresham
        * Four dead, 36 hurt in Labor Day weekend shootings
        * quit dragging feet on fracking
        * Kids pay the price for weak oversight of charter schools
        * 30 years for man who smothered baby, tossed him in garbage
        * 30-year sentence for man who smothered baby, tossed him in garbage
        * Convicted felon accused of fatally stabbing girlfriend 22 times


        * Woman in her 80s says in lawsuit she was trampled by runners at Little Italy festival
        * Cops did not find suicide note of man who killed wife, disabled children
        * Family files suit blaming Port Barrington bar for fatal crash
        * Rauner declines to say how personal relationship with Emanuel will affect political one
        * Not guilty pleas in red light camera bribery scheme
        * Prosecutors: Man plotted obstruction after slaying off-duty cop
        * Cops: Skokie man charged with gun, drug offenses
        * Man convicted of possessing child porn sentenced to 7 years
        * Garrett Popcorn sued over Chicago Mix
        * Teen critically injured after being hit by train in Lake Zurich


        * Dana Thomas House Drying Out, But More Water Works Needed
        * FutureGen Takes Another Step Forward
        * Decatur's Kirkland - From Beethoven To The Beatles
        * Big Predators In Illinois Inspire New Law
        * WUIS/SJ-R Business Report: Casey's Expansion; Parsons In Court; Farmland Prices Fall
        * Opposition Research Key Part Of Political Dark Arts
        * Digging up political dirt? That's their job
        * State Starts Accepting Medical Marijuana Requests
        * Newborn Found Alive In Jacksonville Trash Bin
        * DNR Releases Fracking Rules


        * Rauner criticizes Quinn on veterans
        * Quinn: Eating crackers on minimum wage challenge
        * Illinois prisons struggle with backup power issues
        * State starts accepting medical marijuana requests
        * Couple’s wedding gifts help the community
        * Angela Bertoni: How to raise awareness of domestic violence in October
        * Catherine Rampell: Tech firms’ poor record of diversity
        * Audit finds state lax in reviewing eligibility for children’s health insurance program
        * Does the governor need to live in the Executive Mansion?
        * Our Opinion: Driving into floodwater a deadly practice


        * Gubernatorial candidates discuss jobs, veterans
        * Police: Highland High teen dies in high-speed Corvette crash
        * Free Fair Scholarship Pageant Thursday
        * SIU enrollment increases for first time in 10 years
        * Boyfriend spat leads to HIV charge
        * Wild ride ends on Champaign lawn
        * Josh Brent back in NFL picture
        * SportsTalk 9-2-14
        * Book signing by local author
        * Police: Man assaults wife, daughter


        * Imrem: It's easy these days to appreciate the McCaskeys
        * Mills eager to get back at it for Bears
        * Source: Broncos' Welker banned 4 games for amphetamines
        * U.S. strike targets leader of Somali extremist group
        * Obama to Europe: NATO to oppose Russian aggression

        * US Rep. Lipinski accepting service academy...
        * Dem Explains Why He Voted 'Present' on DAC...
        * Immigration dominates Lipinski's town hall...
        * At a glance: How metro-east residents vote...
        * Tom Kacich: Rauner's focus will soon shift...
        * Shimkus not taking anything for granted de...
        * Shimkus Supports Strikes, Criticizes Presi...
        * #DirtyDenier$ Day 5: Congressman John M. S...
        * Politics Notebook: Shimkus to meet with ve...
        * GOP congressmen from Illinois, Kentucky to...

        * Sen. Dick Durbin on Election, Congress, More...
        * Sen. Dick Durbin on Election, Congress, More...
        * Durbin, Bustos Highlight Potential of Digi......
        * Durbin, Bustos Highlight Potential of Digi......
        * Durbin, Bustos Highlight Potential of Digi......

        * Kirk: US must take hard line against Islam......
        * U.S. Sen. Mark Kirk...

        * Study: Businesses In Low-Income, Majority Minority Areas Struggle To Access Credit
        * Loan denied stamp
        * Election 2014
        * Guest Post: Harris v. Quinn: Another Nail In The Coffin Or Shot In The Arm For Labor?
        * Women's Rights Advocates, IL Lawmakers Rally For Reproductive Choice
        * Preckwinkle at Reproductive choice event
        * Reproductive choice event 2
        * Reproductive choice event
        * ISIS claims it has executed a second American journalist
        * Durbin - Oberweis race tightening; Oberweis endorsed by Bishop Trotter


        * When it comes to jobs and hiring, Pat Quinn is veteran unfriendly
        * Pat Quinn’s Blagojevich-style Hiring Hurts Veterans
        * Rauner Rolls Out Veterans Coalition
        * ICYMI: Capitol Fax: “A Very Good Point”
        * Like All Illinoisans, Veterans Are Hurting Under Pat Quinn




            Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller