Subscribe »
RSS E-Mail
Us »
About Contact
Follow »
One plan to fix state's debt: Get workers to give back

Business and taxpayer groups, anxious that the state has made little headway in reducing more than $90 billion in unfunded debt, are pressing Gov. Blagojevich to extract concessions from union workers on pension benefits and health care.

The organizations sent a letter to the governor saying negotiations with state government's major unions provide the opportunity to scale back pension increases and order new employer contributions for health insurance.

They also said Blagojevich needs to move quickly to reduce the state's pension gap, estimated at $44 billion beyond what it can pay. Experts say the actual pension deficit probably is higher than that because of declines in the stock market.

Read More »

Like this story? Get daily updates and alerts of big news events. Enter your e-mail address:

 

Comments

Post new comment

Please solve the math problem above and type in the result. e.g. for 1+1, type 2.
The content of this field is kept private and will not be shown publicly.

Contact us at windycitizen@gmail.com

Reach Chicago Opinion Makers - Advertise on the Windy Citizen

News Culture Money Sci+Health Life Sports

This site Copyright 2008, Windy Citizen.com- All rights reserved.

Rss Feeds: Full Feed Index