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Quinn unleashes ‘Pension Python’

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Part of the problem has been a disagreement on the approach.

Quinn and other Democrats support a plan under which suburban Chicago and downstate schools would begin picking up their own pension costs, which the state currently pays. Chicago Public Schools already pays its own pension costs.

Illinois Republicans largely have opposed shifting the costs, saying such an approach would cause property taxes to rise.

Duffy, the House’s minority spokesman on the topic, said shifting costs to schools doesn’t solve the underlying problem.

He suggests raising the retirement age to 67, capping pensions at $110,000 a year, reducing or eliminating the cost-of-living adjustment, and stopping people from “double dipping,” or receiving multiple pensions.

“Things like that will solve the problem and help get us back on the path to prosperity,” Duffy said. “We want to give [Quinn] credit for discussing the idea, but we want to discuss solutions.”

Both Duffy and Franks expressed concern that Quinn would rush pension reform during the upcoming lame-duck legislative session.

The governor has said that now the Nov. 6 elections are over, he hopes lawmakers will address the issue. The General Assembly reconvenes later this month.

The governor didn’t offer details on what is next after the launch of his campaign. He said he hoped to start public dialogue.

Quinn has said he believes a pension overhaul can be passed by the end of the legislative session in January.

• The Associated Press contributed to this report

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