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Quinn urges last minute push to pension deal

Tue, 08 Jan 2013 11:06:59 CST
By: AP/Charlie Schlenker

Gov. Pat Quinn says the Senate is coming back to Springfield. The governor held a news conference Tuesday to urge senators to reach a compromise on pensions.

Tuesday is the final day of the lame duck session. Members of a House committee approved a proposal calling for more employee contributions and freezing cost-of-living increases. Quinn says he's been talking to lawmakers but wouldn't specify what type of agreement he would support to fix the nation's worst pension problem. He called on lawmakers to be ``bold'' and enact reform that will benefit everyone in Illinois. Illinois' unfunded pension liability is about $96 billion. Quinn reiterated that the deficit grows by $17 million a day and failure to act will make the problem worse.

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