No pension deal yet

By WEEK Producer

June 6, 2012 Updated Jun 7, 2012 at 12:26 PM CDT

Chicago, Ill. -- Top Illinois lawmakers are still at odds on pension reform.

The leaders of the General Assembly met with Governor Pat Quinn in Chicago Wednesday.

The division is two fold, first how to pay for school pensions and the second issue is: "why not pass a state employees' pension reform package now and work on others later?"

Quinn took questions from reporters after the meeting.

He and House speaker Mike Madigan feel pension reform should be a complete overhaul.

Quinn says that means addressing the school issue and he feels the state should not be funding those pensions.

"I think most people understand that the tax payers of Illinois should not just be there to subsidies the retirement cost of every single school district. That doesn't seem to be a good way to go as the state of Illinois is not sitting at the table negotiating the contract," said Quinn.

That plan means local school districts would have to find a way to fund their teachers' pension which will still go back to the tax payers.

Quinn said they had some very creative ideas but did not elaborate. They will be meeting again later this month.

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