Gov. Pat Quinn says the conference committee working on pension restructuring should hurry up, which is what he has been saying since the committeeâ€™s inception.
When Quinn created the conference committee, he figured the committee would meet every day to come up with a solution, and have a proposal ready for a vote in the General Assembly within a week or two. That was June; this is September, and the committee is still evaluating concepts.
â€śItâ€™s time for the commission to accelerate their work. The legislature will be coming back in next month, Oct. 22 is the time where they come back, but Iâ€™d like to see this done sooner than that, much sooner than that,â€ť he said.
At issue is an unfunded pension liability of $100 billion. Quinn says the state canâ€™t do anything else until it resolves this cloud over the Illinois economy.
In July, the governor vetoed pay for lawmakers, so they have missed two first-of-the-month paychecks so far. That veto is being challenged in court. The governor is also voluntarily foregoing his salary until the situation is resolved.