A panel of Illinois lawmakers met Monday to work on coming up with a pension solution. The state is facing a nearly 100-billion dollar pension crisis. Governor Pat Quinn wanted a compromise in place, by today, but the committee says that won't happen. They are going to look at a university-backed retirement funding proposal.
The Illinois House and Senate each passed their own versions of pension reform, but they haven't been able to work out a compromise between the different plans. The ten-member committee was formed to try to strike a compromise. Monday's meeting was their third meeting.