Illinois pension panel won't meet Quinn's deadline - Fox 2 News Headlines

Illinois pension panel won't meet Quinn's deadline

Posted: Updated:
CHICAGO (Associated Press) -

The chairman of a legislative committee working to forge a compromise on Illinois' $97 billion pension crisis says the group won't meet a July 9 deadline set by Gov. Pat Quinn.

The 10-member bipartisan panel is holding its second public hearing Wednesday in Chicago.

Sen. Kwame Raoul is committee chairman. He says members will meet later Wednesday to decide which proposals to have analyzed to determine cost savings. He says that analysis will take about two weeks.

Illinois has the nation's worst state pension shortfall. Lawmakers voted last month to form the committee after it became clear the House and Senate couldn't agree on how to address it.

Representatives from colleges and universities presented their proposal Wednesday.

A third public hearing is scheduled for Monday in Springfield.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow Us!

Share Your Photos & Video

  • Politics NewsMore>>

  • Mixed feelings over commuter tax proposal

    Mixed feelings over commuter tax proposal

    Tuesday, April 15 2014 1:19 PM EDT2014-04-15 17:19:31 GMT
    An alderman, who first told FOX 32 News about his city income tax proposal two weeks ago, offered new details Monday and won praise from the Chicago Teachers Union.
    An alderman, who first told FOX 32 News about his city income tax proposal two weeks ago, offered new details Monday and won praise from the Chicago Teachers Union.
  • Quinn to tour state promoting housing program

    Quinn to tour state promoting housing program

    Monday, April 14 2014 1:59 PM EDT2014-04-14 17:59:23 GMT
    Illinois Gov. Pat Quinn is hitting the road to trumpet his program aimed at helping first-time homebuyers.
    Illinois Gov. Pat Quinn is hitting the road to trumpet his program aimed at helping first-time homebuyers.
  • Illinois House OKs bill to give pregnant employees new rights

    Illinois House OKs bill to give pregnant employees new rights

    Friday, April 11 2014 11:51 PM EDT2014-04-12 03:51:44 GMT
    A proposed state law would offer pregnant women additional protection at work.
    A proposed state law would offer pregnant women additional protection at work.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices