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.


* Mess with the bull...
* Credit unions serve as not-for-profit cooperatives; Banks elect Subchapter S to avoid taxes
* *** LIVE *** Session coverage
* They got him on tape
* Question of the day
* Get well soon, Mika!
* Comprehensive heroin bill introduced
* Viewer mail
* Former "role model" running a "lost" state
* Today's number: $41,237
* Strong Chicago business growth powering Illinois economy
* Consequences of a trooper hiring freeze
* Rauner still on the warpath
* 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

          
        * Renders are a window into a fan’s dreams
        * The new NVIDIA SHIELD: hands-on with Android TV, gaming style
        * Power up to 5 devices with FlexiCharger
        * Save the earth from the aliens in Buzz Killem
        * Mortal Kombat coming to Android in April
        * The ultimate guide to how and where to use Apple Pay
        * Apple Watch Wins Renowned iF Design Award Before Release

        * Make music while sculpting a face using Oculus Rift and Leap Motion
        * BenQ To Launch A New Short-Throw Projector
        * Nvidia unveils $199 4K-ready Android-powered gaming console
        * Nvidia Announces a $199 Smart TV That’s Also a Game-Streaming Console
        * Take Home Toshiba Satellite E45T-B4106 14-Inch Touchscreen Laptop For Only $599.99
        * Nikon D7200 DSLR Camera Introduced
        * Kelly Clarkson's Twitter listening party takes you inside her new album

        * Abreu mourns loss of friend, mentor in Minoso
        * Undaunted by injuries, Ynoa continues to pursue dream
        * White Sox agree to terms with 24
        * Samardzija finds comfort in intrasquad outing
        * Visitation, services for Minoso announced
        * White Sox interested in seeing if hype translates to success
        * A/V Room: Like his Cadillacs, Minnie Miñoso tributes rolling

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


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

        Archives
        March 2015
        February 2015
        January 2015
        December 2014
        November 2014
        October 2014
        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


        * Illinois superintendent warns of 'perfect storm.....
        * Bethalto Opposes Governor’s Plan..
        * The gulf between Emanuel's and Garcia's most su.....
        * As he seeks Wilson's runoff endorsement, Mayor .....
        * Chicago's Fiscal Free-Fall..
        * Chicago in talks with banks to avert swap payments..
        * Amid talk of cuts, state superintendent warns o.....
        * Joliet City Council approves new scoreboard for.....
        * Kansas rallies to beat West Virginia in OT and .....
        * Senate Democrats introduce bill to plug part of.....


        * No Rose, no Butler, short-handed Bulls beat Wizards 97-92
        * Senate Democrats introduce bill to plug part of budget hole
        * DCFS bill would improve investigator training
        * 5 arrested in Chicago 'crash-and-grab' thefts
        * State superintendent warns of 'perfect storm' for districts
        * Senate Democrats introduce plan to plug budget hole
        * Cubs' scramble on Wrigley Field hits bump when mayor balks
        * Quincy tavern gas leak sends 6 people to hospital
        * Officials: Grateful Dead fans can't camp during concerts
        * Illinois prisons head out, no replacement named

        * Committee approves plan to plug some budget holes
        * Local men plead guilty to stealing millions from Illinois EPA
        * State superintendent warns of 'perfect storm' for school districts
        * Committee to consider plan for plugging budget holes
        * New state lawmaker Butler officially sworn in
        * State superintendent warns of 'perfect storm' for districts
        * Illinois prisons head out, no permanent replacement named
        * Netanyahu visit highlights danger of Iran, lawmakers say
        * Illinois prisons head out, no replacement named
        * Lawmakers introduce heroin harm reduction bill

        * Senate Democrats introduce bill to plug part of budget hole
        * Reps. Hultgren, Roskam buck Boehner in DHS funding vote
        * McDonald's serves $3 million Happy Meal to ex-CEO
        * Harpo Studios to shutter, ending 200 jobs
        * United Airlines looks to give club chow an upgrade


          * Source: Willis Tower for sale, has likely buyer
          * District 113 parts ways with controversial superintendent
          * Urban Prep senior killed walking home on Monday
          * JR West whistleblower arrested outside neighbor's home
          * Two Englewood cops help save grandfather with CPR
          * Defendant went on 'stabbing rampage' at Naperville bar, attorney says
          * Cardinal George admitted to hospital for tests, and his blog relaunches
          * Wisconsin Gov. Scott Walker supports ban on abortions after 20 weeks
          * Lawyers: Chicago police had no cause to stop car before fatal 2011 shooting
          * 3 shot on Far South Side, 3 shot on West Side


          * 2015 Budget - CapitolView
          * PARCC Standardized Test Causes Problems
          * New Administration Promises Change After Repeated Errors Found In Audit
          * Local Lady Digs For Family Roots On PBS Program
          * Rauner Tells Cabinet: I'll Take Your Arrows
          * Bat-Killing White-Nose Syndrome Spreads In Illinois
          * The Raw Milk Underground
          * Senator Starts Petition To Try To Stop Budget Cuts
          * Are All Those Cat Videos Making Us Stupid?
          * Butler Sworn In As 87th District Representative


          * Our Opinion: Conquering stress, burnout important for all
          * Michael Gerson: Getting Africa's health systems to be self-reliant
          * Quote of the Day: Wednesday, March 4, 2015
          * Committee approves plan to plug some budget holes
          * Local men plead guilty to stealing millions from Illinois EPA
          * State superintendent warns of 'perfect storm' for school districts
          * New state lawmaker Butler officially sworn in
          * Illinois prisons head out, no permanent replacement named
          * Netanyahu visit highlights danger of Iran, lawmakers say
          * UIS hopes to pick new mascot by April


          * Tate: In-state hoops in serious rut
          * Memories abound for Champaign's Rice
          * Detry leads golfers to title
          * Martin, Centennial break open close contest
          * Westville falls into speed trap; Milford wins
          * Athletes of the Week: Smith and Girkin
          * N-G Top 10: Boys' basketball rankings — Centennial at top
          * Bulletin board: Vermilion salutes top sportsmen
          * Teams of the Week: Milford boys' hoops in spotlight
          * Urbana school board OKs renovation plans


          * Cogliano scores 2, lifts Ducks over Coyotes 4-1
          * Wildcats win wild one over Michigan in 2OT
          * No love lost as short-handed Bulls top Wizards
          * Butler: ‘Doing my best to hurry back'
          * Kopitar, Lewis lead Kings past Oilers 5-2 to stop skid

          * DC NEWS JUNKIE | Bill Aims to Keep Guns Fr...
          * Combined Insurance Honored as Top Military...
          * Ex-Members of Congress Weigh Comebacks Aft...
          * At Pullman designation, Obama praises Eman...
          * Pritzker meets with legislators to advocat...
          * GOP congressman brushes off criticism for ...
          * GOP congressman brushes off criticism for ...
          * Poliquin brushes off health care vote critics
          * GOP congressman brushes off criticism for ...
          * GOP congressman brushes off criticism for ...

          * Bibi's Speech Is the Dems' Box Canyon...
          * Mixed reaction from local awmakers on Isra......
          * Lawmakers Impressed But Unmoved By Bibi Sp......
          * Congress sends Homeland Security bill to O......

          * Israeli Prime Minister Benjamin Netanyahu ......
          * Mixed reaction from local awmakers on Isra......
          * Netanyahu warns US 'bad deal' would put Ir......
          * Reps. Hultgren, Roskam buck Boehner in DHS......
          * Netanyahu: U.S. deal would pave Iran’s pat......

          * Mr Tease
          * Will Cubs become an Amway product?
          * And the End Came
          * Over 1,000 IL Schools Joined Federal Free Meals Program This Year
          * Aldermanic Challenger Meegan Files 33rd Ward Recount Lawsuit
          * Meegan Files Lawsuit For Recount In Chicago's 33rd Ward Race
          * Over 1,000 IL Schools Joined Federal Free Meal Program This Year
          * Schock Facing Additional Questions Over Travel Spending
          * Chicago Forward Lifts Funding Caps In Mayoral Runoff
          * Environmental, Maritime Industry Groups Sound Off On Federal Ballast Water Bill


          * IEMA Urges People to Prepare for Severe Weather - Tornadoes, floods and severe storms can happen any time of year
          * IDHS helps more than 5,000 individuals with disabilities find jobs - Program offers necessary tools to earn a living wage and become more independent
          * 24th Anniversary Desert Storm Remembrance Ceremony
          * Illinois Department of Human Rights Announces 2015 Spring Training Schedule
          * Snow and Freezing Rain to Impact Travel in Illinois - IDOT Crews Prepared to Battle Winter Weather this Weekend




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