Mt. Vernon Register-News

December 19, 2012

Unions propose paying more to fix pension crisis

Associated Press

CHICAGO — A coalition of unions says offering to pay 2 percent more toward their retirements represents a "shared sacrifice" on their part to address Illinois' pension crisis.

The group is called We Are One Illinois. They released a study Wednesday blasting two pension proposals before lawmakers and offered their own solutions. Those include having employees paying more, closing tax loopholes to bring in $2 billion in revenue and hosting a pension summit next month.

Legislators at the heart of pension talks say the recommendations are encouraging, but it's too soon to say if it will push talks forward.

Gov. Pat Quinn set a Jan. 9 deadline to overhaul pensions. That's when the lame-duck session ends and new lawmakers are sworn in.

Union officials say their pension summit would be held mid-January.