Legislative leaders are expected to meet toward the end of the month on pension reforms, and Gov. Pat Quinn isn’t backing down from his positions that the state can’t keep shouldering pension costs for local school districts. The version of a pension reform bill that Quinn approves of includes shifting pension costs to suburban and Downstate school districts. “It should be everything in there,” Quinn said of a pension reform bill. “We have five major pension systems in Illinois. Our plan covers, I think, the great majority of the problem that exists and would erase completely the pension liability deficit.” The state’s pension systems are currently unfunded by $83 billion.
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Quinn points to Medicaid reforms as a good example of how legislative leaders must take action on reforming the pension system. “I’m obviously impatient with legislators who aren’t ready to roll up their sleeves and get the job done,” Quinn said.