SPRINGFIELD, Ill. (AP) -- Illinois Gov.
Pat Quinn and the Democratic House speaker have agreed to forgo the dicey issue
of local schoolteachers' retirement costs in order to approve a fix for the
state's $96 billion pension deficit.
Quinn told reporters after a meeting in Wheaton with Republicans that he will meet
with legislative leaders Saturday to try to reach a deal.
Steve Brown is spokesman for House Speaker Michael Madigan. He says the
Chicago Democrat told Quinn that reform legislation is paramount and lawmakers
can figure out the financing later.
A solution to the monstrous underfunding of state employee retirement
systems has been snagged because Republicans oppose shifting some costs for
teachers' pensions to local school boards.
Brown says the goal is to approve a measure before the current General
Assembly ends Wednesday.