Quinn Signs Chicago Pension Bill

Quinn Signs Chicago Pension Bill

Photo: Newsradio WTAX

Gov. Pat Quinn has signed legislation that would help Chicago reduce a multi billion-dollar pension shortfall but could lead to a property tax increase.

Quinn had given little hint of his plans ahead of the signing, aside from saying that he opposes raising property taxes. Chicago has the worst-funded pension systems of any major U.S. city.

Mayor Rahm Emanuel pushed for the law. It would affect about 57,000 laborers and municipal employees and retirees. It would nearly eliminate the $9.4 billion shortfall in those funds by cutting benefits and increasing contributions for the city and employees. Emanuel has said he wants the additional contributions to come from a property tax increase.

Recent Headlines

in Local

Opponents Upset Chief Illiniwek Merchandise Still Available Online

u of i urbana

Assistant Athletic Director Marty Kaufmann says the items are available because there wasn't "any edict to wipe all history or tradition from our books."

in Local

Lisa Madigan Calls for More Compassion Towards Victims of Sex Crimes

Lisa Madigan

The state's Attorney General says a shift in attitude toward victims of rape, sexual assault, and other such crimes will lead toward more of these crimes being reported.

in Local

Arrest Made in the Murder of a Former Pleasant Plains Woman

kendra hatcher

One suspect is in jail and another is being sought in the murder of a former Springfield area woman.

in Local

Alleged Improprieties Force Out Two Parole Board Members

wtax 011015

Two members of the Illinois Prisoner Review Board have been removed in the wake of published reports of erroneous filings with the state and the federal government.

in Local

Rauner Addresses Concerns of State’s University Presidents


The Governor was in Urbana Friday to address the concerns of nine presidents over universities in Illinois.