Light Snow
18°FLight SnowFull Forecast
Shaw Media Auctions

Attendees: Ill. pension bill signing was somber

Published: Thursday, Dec. 5, 2013 4:00 p.m. CST

CHICAGO (AP) — Lawmakers inside a private event where Gov. Pat Quinn signed landmark pension reform into law say the mood was somber.

Less than one dozen people attended Thursday's ceremony.

The legislation aims to solve the state's nearly $100 billion pension crisis. The plan calls for cutting benefits for current employees and retirees and is estimated to save $160 billion over thirty years.

In a statement, Quinn says Illinois is moving forward and this is the way to address the most dire fiscal challenge.

Illinois House Republican Leader Jim Durkin told reporters after the signing that it was a difficult position to be in with few options.

House Speaker Michael Madigan says that it's the right thing to do and better than facing bankruptcy.

___

The bill is SB1

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

National video



Reader Poll

Rock Falls is considering a ban on leaf burning. Should the city finally take that step?
Yes. Sterling and Dixon have had bans for years. It’s time for Rock Falls to impose a ban.
No. It would be too great a burden for homeowners to dispose of fallen leaves in other ways.
Not sure
No opinion