Government
7:22 am
Tue December 3, 2013

IL Lawmakers Meeting Over Pension

Credit Wikimedia Commons

Illinois lawmakers are set to consider a historic plan to solve the state's worst-in-the-nation $100 billion pension crisis.

The day will begin with a morning hearing where a bipartisan committee of lawmakers will discuss the proposal. Opponents and supporters also will get a chance to weigh in.

A clear majority of committee members signed off on the plan yesterday, sending it to the floor of the House and Senate. Illinois has the nation's worst-funded state pension systems.

The bill before the Legislature on Tuesday is estimated to save $160 billion over 30 years by trimming retirement benefits.

Labor unions say it's unfair believe that some elements are unconstitutional.