The news is no news on major state pension legislation despite Gov. Pat Quinn meeting with Republican and Democratic leaders of the Illinois House and Senate yesterday.
After major pension legislation fizzled in the General Assembly last week, Quinn expressed confidence a deal could largely be hashed out in a closed door meeting with Speaker of the House Mike Madigan (D-Chicago), House Minority Leader Tom Cross (D-Oswego), Senate Majority Leader John Cullerton (D-Chicago), and Senate Minority Leader Christine Rodogno (R-Lemont). But Cross and Rodogno remain adamant that pension costs cannot be shifted from the state to local school districts and universities, and Madigan says the cost shift must happen.
Quinn plans to reconvene the lawmakers in a couple of weeks. Meanwhile, credit rating agency Standard & Poors scolded Illinois for its pension impasse.
What role organized labor currently plays in the pension talks is unclear: Unions opposed virtually all proposed pension legislation as unfair and unconstitutional.