State lawmakers missed their first paychecks today following Gov.
Pat Quinn's move to withhold their pay until they produce a pension
reform bill. The paychecks for 177 legislators totaled a collective $1.1 million.
The lawmakers, however, have been offered a reprieve by Credit Union
1. The credit union is allowing state lawmakers with direct deposit to
take out loans for half of their base salary amount with zero interest
for 60 days.
This isn't the first time Credit Union 1 has helped out state employees in such a manner. It did something similar in 1991, 2007 and 2009, according to Credit Union 1's President and CEO Paul Simons.
Quinn is also refusing to be paid until a pension reform measure arrives on his desk.
On Tuesday, Illinois House Speaker Michael Madigan (D-Chicago) and state Senate President John Cullerton (D-Chicago) filed suit against Quinn over his move to suspend legislator pay until the lawmakers come up with a pension reform bill.