Illinois lawmakers reach tentative deal on pension fix
Monday, December 2, 2013
Top Illinois legislators said today they’ve reached agreement on a plan to deal with the state’s worst-in-the-nation unfunded public pension liability and expect to vote on it next week.
Details of the measure were unclear today and its prospects of passing remained uncertain. But both Democratic and Republican leaders said they agreed on a proposal, the first such sign of progress in more than two years of discussions spurred by a continued downgrading of the state’s credit rating.