The first week of the fall legislative session in Springfield produced nothing, but the governor is still hoping for success. The session produced no movement on pension restructuring, but Gov. Pat Quinn believes lawmakers laid a foundation for dealing with the unfunded pension liability. “It’s $100 billion, it’s holding our economy back, it’s squeezing out money for our schools. We’ve got to have the legislature vote on this bill, and I’m optimistic that the power of democracy will get the legislature to have this vote, hopefully in the first week of November,” he told reporters Thursday in Wheeling.
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At the moment, there is no bill on pension restructuring. The conference committee is still weighing proposals that reduce the cost of living adjustment and make other changes for government retirees. Quinn says there’s no deadline, but the cost of inaction is $5 million a day. He also wants a vote on same-sex marriage when lawmakers are back in Springfield Nov. 5-7.