Governor Sets Deadline For State Pension Reform
By: Alex de Leon
Updated: November 9, 2012
Springfield - Facing an $85 billion pension funding shortfall, Gov. Pat Quinn (D) sets a deadline for reform.
Quinn wants it done by January 9 before a new legislature is sworn-in. The General Assembly failed to get the job done during a special session in August. It led to a downgrade in the state's credit rating.
Illinois' pension crisis is the worst of its kind in the country.
Quinn wants it done by January 9 before a new legislature is sworn-in. The General Assembly failed to get the job done during a special session in August. It led to a downgrade in the state's credit rating.
Illinois' pension crisis is the worst of its kind in the country.
