© 2024 Peoria Public Radio
A joint service of Bradley University and Illinois State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Comptroller: Budget impasse alters pension payment schedule

Illinois Comptroller Leslie Munger says the state budget impasse is affecting the way her office doles out pension system payments. 

Comptrollers have used different schedules over the years to meet the annual payment. Munger says she continued a monthly approach used by her predecessor, the late Judy BaarTopinka.

Munger says she has to delay a scheduled $560-million November payment because of a cash shortage. She says retirees will still receive benefit checks as scheduled. 

Legislative Democrats and Gov. Bruce Rauner are at a stalemate over a spending plan for the July 1 fiscal year. 

However, money is still being allocated through state laws and consent decrees at last year's rates while less revenue is coming in. 

 

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.