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Illinois pensions: Fallout felt in pension deadlock – Chicago Tribune
Illinois pensions: Fallout felt in pension deadlock – Chicago Tribune
The first repercussion of state lawmakers' failure to pass pension
reform was felt Monday when a major ratings agency downgraded Illinois'
credit rating, saying the government worker retirement system's debt is
"unsustainable."
The political fallout was quick for Democratic
Gov. Pat Quinn, who for two years has declared pension reform his No. 1
priority with little to show for his efforts. Potential 2014 governor
candidates from both parties blasted Quinn for a lack of leadership,
urging him to call a special session to address a pension shortfall
that's approaching $100 billion
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