Gov. Pat Quinn has called a Special Session of the General Assembly on Aug 17.  Quinn is calling on members of the House and the Senate to be in Springfield at 1 p.m. that Friday to tackle pension reforms. Earlier this year the Senate passed a pension reform bill that addresses two state pension systems. Quinn says it’s a start but doesn’t go far enough. He wants legislation that addresses all five state pension systems.
Click here for summary
Quinn believes a compromise can be met and says parts of existing bills are the key to seeing a pension overhaul.  Some lawmakers are at odds with one plan that would shift the pension costs of suburban and Downstate teachers and school employees from the state to the school districts. That could force property tax increases, but Quinn believes if done gradually over a 12-year period tax hikes wouldn’t be necessary.  Members of the House will already be in Springfield that day to vote on whether to expel State Rep. Derrick Smith (D-Chicago), who’s accused of taking a bribe.
(Copyright WBGZ / )