Illinois lawmakers, working without pay during a special session, may be creeping closer to in their efforts to strike a deal to reform their state pension system, which is facing the biggest shortfall of any state.
Lawmakers have been trying for two years to try to fix the pension system, which faces an unfunded liability of $100 billion. That represents 57 cents for every dollar needed.
WBBM radio in Chicago this week reported that that a bipartisan committee of both houses of the Assembly was making progress, albeit slowly.
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