Teachers upset over Quinn's proposed pension changes

April 26, 2012 8:12:42 PM PDT
At a town hall meeting Thursday, many teachers expressed anger at Governor Quinn's proposed changes for public employee pension plans.

An unexpectedly large crowd met to discuss the issue of fixing the state's $83 billion pension fund shortage. The governor wants to raise the retirement age for public employees from 60 to 67.

He also wants to make them pay more into the pension system.

For some that could mean an increase of 30 percent or more in their contributions.

"I didn't create the problem," Quinn said. I have to solve the problem. I have to repair the damage."

The governor also wants to cap the cost of living increase for retirees to 3-percent.