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Tue December 3, 2013
IL Lawmakers Meeting Over Pension
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.