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Ill. Governor Proposes Commission to Fix Pension Crisis

Gov. Pat Quinn this afternoon floated a desperation plan on pension reform, throwing his support behind a bill that would set up a commission to decide how to fix Illinois' financially failing government worker retirement systems.

Conventional efforts to craft a compromise on pension changes have gone nowhere during the lame-duck session. The new measure filed today would set up an eight-member commission appointed by the four legislative leaders. The panel would issue a report on pension system changes that would become law unless the General Assembly voted to overturn it.

Testifying before a House panel, Quinn said the measure represents "extraordinary action" to break the gridlock. It is modeled after federal military base closing commission reports to Congress. "We must have some sort of movement," Quinn said.

Source: Chicago Tribune. Read full article. (link)

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