Pension Deadline Passes

Legislators didn’t get the job done concerning Illinois’ almost $100 billion pension problem and now they won’t be getting paid.

Governor Pat Quinn used his line-item veto power to strike down the portion of the budget that deals with compensation.

The suspension of pay would hit lawmakers at the end of the month when paychecks are issued.

Illinois lawmakers make $67,836 annually, with those in leadership positions collecting additional stipends.

This action comes after two years of debate over how to deal with the pension shortfall, and most recently, after a bipartisan committee failed to reach an agreement before their July 9 deadline.

“They broke the deadline again,” Quinn said. “I think they let the people of Illinois down.”

Illinois’ credit rating has fallen to the lowest in the country.

State Representative Darlene Senger, who was a member of the most recent pension committee, released the following statement.

“We have been working on comprehensive pension reform for years and will remain committed to work to get it done,” said Senger. “We will remain committed to working through the conference committee process on this very important issue, and by whatever method might work.”

Governor Quinn won’t take a paycheck until a bill is passed as well.

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