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Dem supermajorities sworn in at Illinois Capitol

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Quinn warned that missing his deadline means bond rating agencies will downgrade Illinois' credit as early as Wednesday. The governor told lawmakers that without action, the state's credit worthiness is in "dire jeopardy."

There also were efforts during the lame-duck session to legalize gay marriage in Illinois and put restrictions on assault weapons and their fast-feeding ammunition devices. Some lawmakers promised to revisit those issues in the new General Assembly.

One measure did receive approval, a bill that Quinn plans to sign allowing illegal immigrants to get driver's licenses. But nothing was heard of other measures that were in line for lame-duck consideration, including medical marijuana and expanded casino gambling.

The pension problem, Quinn noted, goes back decades. Years of inattention by lawmakers and governors to properly fund state-run pension accounts caused the situation. Without reducing costs, catching up means the state's annual payment will continue to eat up money that would otherwise go for schools, health care and public safety.

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