House committee delays review of the governor’s pension plan

Illinois Capitol News

SPRINGFIELD, Ill. (WCIA)– A plan to put Governor Pritzker’s pension proposals under the microscope in Springfield was derailed today when a top lawmaker called in sick.

Now, time is starting to run out for the statehouse to approve the governor’s proposals.

Governor Pritzker is hoping to implement a new progressive income tax but that cannot happen until after 2020.

                This year, the governor is planning to not pay millions of dollars into the pension system, in an effort to create some space in the state budget. Once Pritzker adds more revenue, he plans to make up for the delayed pension payments.

                Lawmakers were expected to debate that plan Thursday and take a closer look at what it would mean for retired teachers and state workers but the committee chairman called out sick, causing  the examination to be delayed.

                The Illinois Retired Teachers Association (IRTA) who are against the governor’s plan to raid their pension funds.

No matter how big that dollar gets, the taxpayer is going to have to pay that. By making that dollar even bigger by underfunding it today, it basically is saying my grandchildren are going to have to figure out a way to pay for all of that, said IRTA Executive Director Jim Bachman.

Thursday was supposed to be the deadline for proposals to get out of the committee and advance to the house floor for a vote. Some of those deadlines are going to have to be extended.

                House members say they look forward to going over the governor’s pension reform next week when everyone is back in.

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