No pension deal reached - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

No pension deal reached

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By: CBS4 News, newsroom@cbs4qc.com

The Illinois house adjourned Monday without a vote on a plan to reform the state's pension system.

A committee approved a compromise to close a $96 billion deficit in pension accounts.  It would freeze cost of living increases and require higher employee contributions.  It sets aside the issue of whether school districts should help pay for teachers' retirement. 

Governor Pat Quinn wants a resolution before the general assembly's session ends on Wednesday.

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