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Illinois Governor Launches Pension Reform Drive

The state's public workers' pension squeeze is now the subject of a website established by the governor and aimed at the public.

Gov. Pat Quinn says stalling has gone on long enough. He thinks legislative leaders don't need convincing that pensions are a crucial matter for state government.

The administration has set up a website, www.ThisIsMyIllinois.com, which explains the issue. The gist of it is that long-neglected pension funds now demand such large contributions from taxpayers each year that everything else is getting squeezed out. For example, in 2008, pension payments consumed 6 percent of the state budget; in the current year, pensions will consume 16 percent of the budget.

Source: WSIU. Read full article. (link)

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