Daley To Quinn: Don’t Sign Pension Reform

CHICAGO (WBBM) – Mayor Richard M. Daley is urging Governor Pat Quinn not to sign a pension reform bill Daley says will hit property taxpayers hard.

LISTEN: Newsradio 780 Political Editor Craig Dellimore Reports

Mayor Daley had pleaded with Illinois House and Senate leaders not to pass the bill that changes the pension benefit structure for police and fire personnel. But they did.

Now, he’s clearly worried the Governor will sign the measure, which he says would trigger the highest property tax increase in Chicago’s history.

The City Council has sent Governor Quinn a letter urging him to take no action on Senate Bill 3538 until lawmakers make some changes.

Daley says other measures should be put in place, like two-tiered pensions and higher employee contributions.

Senate President John Cullerton has promised to try to pass an amendment to the legislation, making some of the changes the mayor wants.

More from Craig Dellimore
  • Gee-reg

    Daley does not want to finally pay up on the cities portion of the pension that he has promised to do for the past 10 to 15 years if not more. Sate law has always said that the city must pay into the pension not just promise. So now that he is leaving office is why the state now wants it’s money. So now Daley has to account for all the money he has been stealing for him, his family and friends.

  • http://chicago.cbslocal.com/2010/12/31/daley-unhappy-with-new-pension-reform-law/ Daley Unhappy With New Pension Reform Law « CBS Chicago – Breaking News, Sports, Weather, Traffic, and the Best of Chicago

    […] The new law sets a retirement age of 55, or 50 with 10 years or more of service. The maximum pension… […]

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