Illinois lawmakers have created a committee to address the state's 97-billion-dollar pension problem. The House and Senate agreed to form a bipartisan conference committee to tackle the nation’s largest state pension shortfall.
A new session of the Illinois General Assembly begins Wednesday, when candidates who won in November's elections take the oath of office. The outgoing class of legislators left the incoming one with quite a burden. On Tuesday, the previous General Assembly adjourned without doing anything to address the state's massive pension woes. However, there were some last minute attempts.
There’s no deal on a pension reform plan at the Illinois Capitol…yet.
The Illinois House adjourned without a floor vote on a contentious plan to change the state’s troubled public employee pension system. An Illinois House committee today gave bi-partisan approval to a plan sponsored by Representative Elaine Nekritz. She says she expects it to be called for a vote by the House Tuesday, at the earliest.