pension committee

Pensions
4:59 am
Tue July 30, 2013

Brady: Pension Panel Close To Compromise

File photo: Democratic legislators Rep. Elaine Nekritz (D-Northbrook) and Sen. Kwame Raoul (D-Chicago) prepare to begin the General Assembly's conference committee hearing on pensions.
Credit Illinois Public Radio/WUIS

A member of the Illinois General Assembly's special pension committee says the group is waiting for what he hopes will be the final round of budget analysis.

The pension conference committee is trying to find a way to reduce Illinois roughly $100 billion in unfunded future pension liabilities. The group comprises 10 senators and representatives, both Democrats and Republicans.

State Sen. Bill Brady is a Republican from Bloomington. He says there has been a lot of compromise.

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