Updated at 12:20 p.m. with comments from the firefighters union.
Updated at 3:55 p.m. with timeframe, and more comments from Mayor Slay and the union.
Saying the current system is financially unsustainable and could result in huge reductions to city services, Mayor Francis Slay has officially unveiled his plan to change pensions for the St. Louis city firefighters.
Illinois Gov. Pat Quinn is urging legislative leaders to name lawmakers to a group set up to reform the state's ailing pension system.
Quinn's letter to leaders of the House and Senate says he wants the panel to start working with a top aide on his staff to craft fixes for a system of retirement benefits for state workers that's underfunded by $85 billion.
The letter says it is "critical that we work together this spring" to make the changes.
St. Louis Mayor Francis Slay delivers his annual State of the City report to the St. Louis Board of Aldermen at City Hall in St. Louis on April 25, 2008. Slay was our guest today on St. Louis on the Air. (UPI/Bill Greenblatt)