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Quinn renews special session talk on pensions

Wed, 18 Jul 2012 17:09:04 CDT
By: AP


    Gov. Pat Quinn says solving Illinois' pension problem is imperative, and he's warned lawmakers not to go anywhere next month. Quinn says legislators can't ``drift through the summer and do nothing about it.'' Illinois has $85 billion in unfunded liability when it comes to its pension systems. Although the amount continues to grow, attempts at reform have been unsuccessful. Legislative leaders met last month to find a compromise on who should pay retirement costs for downstate and suburban schools. But talks waded into school funding equality. Leaders asked for more time. Republican leaders say making districts pay retirement costs is a separate issue. They'd rather first pass a pension reform plan that appears to have wide support. But Quinn and House Speaker Michael Madigan want a comprehensive deal including schools.

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