Democratic legislative leaders met with the governor Monday to talk pension reform, but it’s unclear if anything will be voted on during a special session next week. The governor is asking lawmakers to approve two rival plans on how to mitigate the state’s pension crisis – the pension programs have an unfunded liability of almost $100 billion – but it’s unclear if legislative leaders will agree.
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House Speaker Michael Madigan (D-Chicago) and Senate President John Cullerton (D-Chicago) both have separate bills to deal with pension reform.
The plan would have lawmakers vote on a bill that combines the two proposals at a June 19 special session. Madigan’s plan would be the primary plan and Cullerton’s would serve as a backup in case Madigan’s is rejected by the courts.
Madigan expressed concern that the proposal would be too complicated and wouldn’t commit to calling a combined bill for a vote. He believes the Senate should pass the existing pension reform bill and cost shift bill that passed out of the House and is now in the Senate.