IL Pension Reform Deadline Looming - News and Weather For The Quad Cities -

IL Pension Reform Deadline Looming

Updated:
  • Most Popular StoriesMost Popular StoriesMore>>

  • Burlington Man Dies In Sperry Pond

    Burlington Man Dies In Sperry Pond

    Wednesday, August 27 2014 10:12 AM EDT2014-08-27 14:12:09 GMT
    Des Moines County deputies have release the identity of the Burlington, Iowa man who drowned in a pond in Sperry, Iowa. The incident happened on Monday, August 25, 2014 ...More >>
    Des Moines County deputies have release the identity of the Burlington, Iowa man who drowned in a pond in Sperry, Iowa. The incident happened on Monday, August 25, 2014 ...More >>
  • Taking ALS Ice Bucket Challenge A Step Further

    Taking ALS Ice Bucket Challenge A Step Further

    Tuesday, August 26 2014 11:33 PM EDT2014-08-27 03:33:06 GMT
    The ALS Ice Bucket Challenge is a charitable craze that is sweeping the nation, and now, one local man is taking it one step further. He is using the opportunity to make a difference in the life of a woman who lost her husband to the disease and her ongoing fight to one day find a cure.More >>
    The ALS Ice Bucket Challenge is a charitable craze that is sweeping the nation, and now, one local man is taking it one step further. He is using the opportunity to make a difference in the life of a woman who lost her husband to the disease and her ongoing fight to one day find a cure.More >>
  • Lightning Starts Apartment Fire In Bettendorf

    Lightning Starts Apartment Fire In Bettendorf

    Tuesday, August 26 2014 1:47 PM EDT2014-08-26 17:47:39 GMT
    Officials say a lightning strike caused an apartment fire in Bettendorf on Monday. Crews were called to the 1080 39th Street around 10:36 p.m.More >>
    Officials say a lightning strike caused an apartment fire in Bettendorf on Monday. Crews were called to the 1080 39th Street around 10:36 p.m.More >>

 

The pension deadline is set for July 9, as Governor Quinn set the deadline for the bi-partisan committee that's working on the problem.

The committee was formed last month after lawmakers could not agree on one of two pension reform plans. Some Representatives say they doubt the committee will be able to meet tomorrow's deadline.

"People are living a whole lot longer," said Rep. Patrick Verschoore. "When a lot of these benefit improvements were made, people weren't living nearly this long. Some people will probably live long enough that their compounded COLA increases will be more than the pension when they retired."

They also say something has got to be done soon.

"We need to do something regarding the pension reform because our economy cannot handle us kicking the can down the road any further," said Re. Mike Smiddy.

The pension reform committee asked Governor Quinn to testify today, but he said no, saying members already know where he stands.
     
Also, the Governor will have members of his budget office available for questions.

 

Powered by WorldNow

805 Brady Street, Davenport, IA 52803

Telephone: 563.383.7000
Fax: 563.383.7131
Email: news@kwqc.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Davenport, Inc. A Media General Company.