Quinn offers no detail on breaking pension impasse
SPRINGFIELD, Ill. (AP) -- Illinois Gov. Pat Quinn calls a huge pension overhaul the "reform of our lifetime," but he's saying little about how to break a legislative impasse on the issue.
Quinn says the state must move quickly to reduce pension costs and shore up government retirement systems. He said credit-rating agencies will downgrade Illinois even further if something isn't done soon.
The Democratic governor said Friday that he'll meet with legislative leaders next week to work on a deal.
That will require some sort of compromise between the top Democrat and top Republican in the Illinois House. They each favor a different approach to paying future pension costs.
Quinn gave no clue to how he'll do that. He just says it will take everyone working together.
(Copyright 2012 by The Associated Press. All Rights Reserved.)