Raoul: Signing Chicago pension reform a “difficult but responsible action†for governor
SPRINGFIELD, IL –Illinois State Senator Kwame Raoul (D-Chicago 13th) issued the following statement on Governor Pat Quinn’s decision to sign into law the pension reform legislation Raoul brokered for two major Chicago pension funds:
Signing this legislation was a difficult but responsible action for the governor to take, and I applaud his courage in this sensitive matter. The fiscal health of our state’s anchor city and its workers was at stake, and the General Assembly put before the governor a negotiated and sustainable solution that will give two major retirement systems a much-needed course correction. It was critically important in this instance for the governor to act as a responsible chief executive, and he did so today. With every pension reform measure carefully constructed on a foundation of sound financial principles and responsibility both to the taxpayers and to the workers who keep our state and cities running, we move closer to a situation of fiscal stability that benefits everyone.
