LIVE VIDEO: NewsChannel 5 at Ten    Watch

Governor Pat Quinn calls special session on pensions

1:38 PM, Jul 30, 2012   |    comments
Gov. Pat Quinn. (Photo by Frank Polich/Getty Images)
  • Share
  • Print
  • - A A A +

CHICAGO (AP) - Gov. Pat Quinn is calling lawmakers back to Springfield next month specifically to address overhauling pensions.

On Monday, Quinn announced an Aug. 17 legislative session for lawmakers to push forward with "full-scale reform."

Quinn says suburban Chicago and downstate school districts must pay their own pension costs, which the state currently picks up. He proposed a 12-year phase in of that idea.

Further details weren't immediately available during Quinn's speech at the City Club of Chicago.

Pension reform has been on hold all summer as negotiations between Republicans and Democrats over how to address the some $83 billion in unfunded liability have gone nowhere.

Quinn says it's time to vote.

House members were already scheduled to meet Aug. 17 to vote on whether to expel indicted Democratic Rep. Derrick Smith.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

Most Watched Videos