Lawmakers Won't Let Pay Freeze Rush Pension Fix

By: AP
By: AP

SPRINGFIELD, Ill. (AP) -- Lawmakers under pressure to solve Illinois' pension crisis say their progress is tied less to their pay than the process of calculating savings for the state's coffers.

Gov. Pat Quinn suspended lawmakers' salaries and stipends this week to push them toward fixing nation's worst pension liability. But the 10-member committee hunting for a compromise includes a number of lawyers, a businessman and others with alternative sources of income who won't feel an immediate financial pinch.

Many Illinois lawmakers consider themselves full-time legislators and rely on their yearly salary of more than $67,000, plus stipends.

But even those lawmakers insist that withholding their paychecks is not going to speed up their urgency.

The committee plans to meet in the coming weeks after tallying costs savings on a leading plan.


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