Illinois' Pension Shortfall Growing Every Day - FOX 18 Quad Cities News and Weather

Illinois' Pension Shortfall Growing Every Day

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For every day the Illinois Legislature fails to pass pension reform, the state's massive pension shortfall is growing $5-million a day.

That's actually a slower pace than previously estimated though. Earlier figures had it growing at $17-million a day.

Governor Pat Quinn says lawmakers should work "around the clock" to approve legislation addressing the state's pension problem.

But, so far, they have been unable to agree on a solution.

Earlier this month, they decided to form a bipartisan committee to come up with a fix.

The governor has given them until July 9 to do that.

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