Illinois Officials Hope to Jumpstart Pension Overhaul


SPRINGFIELD, Ill. (AP) -- Top state officials are trying to figure out what it will take to finish the job of cutting Illinois pension costs. 

Lawmakers came close to an agreement last month, but it was derailed by personal conflicts, policy disputes and the deadline for ending the spring legislative session.

Gov. Pat Quinn and legislative leaders plan to meet Wednesday.

Senate President John Cullerton wants to pass the measures where there is broad agreement and keep negotiating on the other pieces.

The biggest dispute is over whether to make downstate and suburban Chicago schools take over the cost of pensions for their employees. The state pays those expenses now.

Public-sector retirement systems in Illinois are $85 billion short of the money they'll need in decades ahead.

 (Copyright 2012 by The Associated Press.  All Rights Reserved.)

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