Pension reform is proving to be too much for Illinois lawmakers to handle… for the time being, anyway.
With a deal still hung up on the question of whether some state pension costs should be transferred to local school districts, colleges and universities, legislative leaders decided Thursday to put off the discussion until at least August.
That shatters Governor Pat Quinn’s hopes of putting a pension reform package together before the start of the new fiscal year on July 1st.
It also raises concerns that the delay could increase the chance that the state will face another downgrade by credit rating agencies.
