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Illinois governor to bear grim news over pension crisis

Started by riky, February 06, 2013, 09:00:21 AM

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riky

Illinois governor to bear grim news over pension crisis

<p><a href="http://news.yahoo.com/illinois-governor-bear-grim-news-over-pension-crisis-204320138.html"><img src="http://l3.yimg.com/bt/api/res/1.2/chohpC29Z_jmqO3TmYenLQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-02-05T204320Z_1_CBRE9141LKF00_RTROPTP_2_USA-CAMPAIGN.JPG" width="130" height="86" alt="Governor of Illinois Quinn addresses first session of Democratic National Convention in Charlotte" align="left" title="Governor of Illinois Quinn addresses first session of Democratic National Convention in Charlotte" border="0" /></a>CHICAGO (Reuters) - Illinois Governor Pat Quinn, already the most unpopular governor in the nation, has his work cut out for him at his annual &quot;state of the state&quot; speech on Wednesday - and this time he probably won't be relying on a python named &quot;Squeezy.&quot; The fiscal crisis caused by pension underfunding in Illinois is so bad that some hospitals wait a year to be paid by the state for insurance claims. At the same time, teachers in Chicago's wealthy suburbs are retiring with six-figure salaries set by school districts on which pensions are calculated, and the state pays the bill. ...</p><br clear="all"/>

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