Quinn: Delay retirement, charge employees more

Quinn: Delay retirement, charge employees more

CHICAGO, IL - DECEMBER 03: Governor Pat Quinn performs at the Health and Hope for Africa concert gala at the Museum of Science and Industry on December 3, 2011 in Chicago, Illinois. (Photo by Tasos Katopodis/Getty Images for GEANCO Foundation)

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Associated Press

Posted on April 20, 2012 at 12:43 PM

Updated Friday, Apr 20 at 2:18 PM

SPRINGFIELD, Ill. (AP) -- Gov. Pat Quinn wants to raise the retirement age for Illinois public employees and require them to contribute more money to their retirement funds.

Those are the key parts of what Quinn calls a "bold plan" to shore up state pension systems. They're now about $85 billion short of the money they'll eventually need.

The Democratic governor says the retirement age should be raised to 67 and employee contributions should climb by 3 percent.

He also wants downstate and suburban school districts to start contributing to the pensions of their employees. The state pays for that now.

At a Chicago news conference Friday, Quinn acknowledged the pension problem was largely caused by the state falling short. But the cost of his new plan mostly falls on workers.

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