Governor calls for special session on pension reform

By WEEK Producer

May 31, 2013 Updated May 31, 2013 at 10:40 PM CDT

SPRINGFIELD, IL. -- The Illinois Spring Session has ended without a vote on same-sex marriage or a compromise on Pension Reform.

Friday night, Governor Pat Quinn released a statement lashing out at the legislature's two democratic leaders -- Speaker Michael Madigan and Senate President John Cullerton -- for failing to solve the state's nearly $100 billion pension crisis.

Quinn says there is a problem in the fact that lawmakers were able to pass a pension holiday bill for Chicago Public Schools but not a comprehensive package for the state.

Every day that passes without pension reform costs the state $17 million, and today Moody's Investors Service warned that a failure to act would result in yet another credit downgrade.

Governor Quinn has called for a special session in the coming week to address pension reform.

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