Tagged: Michael Madigan

Illinois lawmakers are scheduled to debate today a massive overhaul of the state’s pension system.

The measure’s revival was made possible last night by a surprise move from House Speaker Michael Madigan, who calls an overhaul necessary.

Madigan told Illinois Public Radio’s Amanda Vinicky he regrets his role in passing an early retirement package a decade ago that added to the state’s $83 billion unfunded pension liability – and what he wants to do about it now.

Amanda Vinicky contributed reporting from Springfield.

Illinois lawmakers will take a shot today at passing a massive overhaul of the state's pension system.

It's a move permitted by a surprise decision last night by House Speaker Michael Madigan, who handed control of the measure over to the top Republican in the House, Tom Cross.