Illinois House and Senate to meet again over pensions

By WEEK Producer

June 21, 2012 Updated Jun 21, 2012 at 10:43 PM CDT

Illinois House and Senate leaders...as well as the Governor...have agreed to meet again in yet another attempt to come up with an agreement on the state's pension deficit crisis.

Republican leaders want a study done of state funding of schools in Illinois before any pension deals are done.

Top House Democrat Mike Madigan wants downstate and suburban Chicago Districts to contribute to their teacher's pension plans.

The leadership and the Governor won't meet again for another five weeks.

Meanwhile, the pension debt increases.

"I said this is not something to delay, to temporize and put off and sweep under the rug," Governor Pat Quinn. "To put it in real perspective, in the two hours we met today, another million dollars was added to the pension responsibility of the taxpayers of Illinois."

Quinn says he hopes other fiscal reforms made earlier this year by the General Assembly will be enough to protect the state's bond rating until a pension reform plan is passed.

Quinn says he doesn't want to wait until the Fall veto session.

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