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Illinois lawmakers convene special session on pensions Tuesday
Reported by: Associated Press
Reported: Tuesday, December 3, 2013 1:37 AM EST
Illinois lawmakers are set to consider a potentially historic plan to solve the state's worst-in-the-nation $100 billion pension crisis.
A clear majority of committee members signed off on the plan Monday, 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.
Illinois' legislative leaders and the governor have spent recent days drumming up support for the proposal.
Labor unions say it's unfair to retirees and believe that some elements are unconstitutional.