Assistant Senate Republican Leader Bill Brady will discuss Illinois’ ongoing fiscal crisis and how it has affected higher education and public pension systems at a meeting September 22 at the University of Illinois at Chicago (UIC).
The UIC chapter of the State Universities Annuitants Association hosts a forum each fall to discuss fiscal problems and other public policy issues facing the State of Illinois. Brady will join with Senator Daniel Biss (D-Skokie) and Amanda Kass of the Center for Tax and Budget Accountability in a panel discussion about “Illinois’ Fiscal Crisis: Impact on Pensions and Education.”
The forum is scheduled for 11:00 a.m., September 22, at the UIC Student Center West, 829 S. Wolcott, Chicago
“A major concern of mine for many years, pension reform should be about safeguarding the viability of our public retirement systems for current and future retirees, while also protecting our state’s fiscal health and our taxpayers’ wallets,” Senator Brady said. “The state’s billions in unfunded pension liabilities is also a serious threat to our fiscal solvency. The credit rating agencies cite Illinois’ pension debt and its bill backlog as the state’s two worst problems.”
Senator Brady was a member of the bipartisan, bicameral Pension Work Group that held public meetings about pension reform for many months. Many of the group’s suggestions were incorporated into the pension reform legislation that was passed by lawmakers December 3, 2013, and signed into law two days later by Governor Pat Quinn. That law is currently pending before the courts.