Illinois legislators are moving forward with plans to form a bipartisan committee to work for a compromise on pension reform. That’s ahead of a special session called for by Governor Pat Quinn. The committee was announced after it became clear lawmakers would not break an impasse over whether the Senate's or the House pension reform plan should pass.
House Speaker Michael Madigan and Senate President John Cullerton will meet with Quinn this morning to discuss the committee. Both chambers would need to vote to establish the 10-member panel before day's end. A spokesperson for the governor says Quinn plans to call lawmakers back in July to vote on any compromise reached. The state's $97 billion pension shortfall is the worst in the nation.