Bridget Gainer, Cook County Commissioner – Tenth District
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Governor Quinn Proposes Bold Plan to Stabilize the Public Pension System

"CHICAGO - Governor Pat Quinn today announced a bold plan that secures public workers' retirement while fixing the state's pension problem that has been created over decades of fiscal mismanagement. The proposal is expected to save taxpayers $65 to $85 billion based on current actuarial assumptions. The changes will lead to greater certainty in Illinois' business climate, respond to concerns from ratings' agencies regarding the state's unfunded pension liability and support the continuation of the state's capital plan that is putting hundreds of thousands of Illinois residents back to work. The Governor's proposal follows weeks of discussion by the Governor's pension working group."

For the complete press release, visit:  http://www.openpensions.org/730/ 


April 20, 2012