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Pension deal this week seems unlikely

Wed, 15 Aug 2012 12:17:34 CDT
By: AP


Gov. Pat Quinn insists lawmakers can fix Illinois' most urgent financial problem by passing a major pension overhaul in a single day. It seems he's the only one. Other officials are backing a scaled-down pension plan or opposing versions now on the table. No one but Quinn seems to think a complete overhaul will be approved when lawmakers meet in special session Friday. The Chicago Democrat is trying to build public support for making some school districts take over their own retirement costs, among other things. But unions reject the ideas and they're unpopular, especially in an election year. There's talk of last-minute meetings to iron out a plan. But even Democratic Rep. Elaine Nekritz, who's been at the heart of pension discussions, is doubtful there'll be a resolution.

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