Illinois Pensions
4:59 am
Thu July 4, 2013

Pension Panel Nears Deadline

A special legislative panel formed to find a pension fix will fail to meet its deadline. Governor Pat Quinn told the committee to be done by next Tuesday. He wanted a full pension plan on his desk by then. Here's the panel's chairman, Senator Kwame Raoul, at the start of the Chicago  hearing:

"We take serious the Governor's urging for us to get this done as soon as possible. Based on our conversation with the actuaries, with regards to getting the governor's proposals scored, there's no way to get them done by July 9. " -Sen. Kwame Raoul

Raoul says the committee will have its own plan to cut workers’ benefits analyzed by actuaries. The governor wants his ideas for changing pensions analyzed, too. Raoul says Quinn has been flexible in the past, and he imagines he will be with this deadline.  But in a statement, the governor's spokesperson says the deadline stands.

Illinois Public Radio's Amanda Vinicky contributed to this report.