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October 04, 2013 at 06:32 AM
SPRINGFIELD, Ill. (AP) — A proposed solution to Illinois’ historic $100 million pension crisis is hanging in the balance as the state Legislature’s October veto session approaches.
Key Democrats on a pension panel are pushing a plan to save the state $138 billion over the next 30 years, but Republican lawmakers want a number of changes. House Speaker Michael Madigan hasn’t yet committed to calling the proposal for a vote, either.
Senate President John Cullerton supports the deal and calls it “less unconstitutional” than a previous plan that would have saved $163 billion.
