Quinn Calls Special Session on Pensions


CHICAGO (AP) -- Gov. Pat Quinn has called a special session for lawmakers later this month to focus on finding a solution to the nearly $100 billion pension crisis.

The Chicago Democrat made the announcement Thursday, the same day Moody's Investors Service lowered Illinois' credit rating. The special session is June 19.

The move follows a pension stalemate in Springfield. Lawmakers adjourned last week without a solution.

The House and Senate were at odds over an approach. The Senate rejected a bill sponsored by House Speaker Michael Madigan that cuts benefits across-the-board. Meanwhile, Senate President John Cullerton sponsored a plan that gives employees and retirees a choice in benefits. It was never called for a House floor vote.

Quinn backs Madigan's plan.

Fitch Ratings downgraded Illinois' credit Monday.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 210439581