SPRINGFIELD, Ill. (AP) — A Senate committee approved a union-backed approach for dealing with Illinois' pension crisis Wednesday, saying it gives the state its best chance at surviving an inevitable court challenge and getting out of its nearly $100 billion mess.
The Senate Executive Committee voted 10-5 to send the proposal to the full Senate. It could get a floor vote as early as Thursday.
The measure, sponsored by Senate President John Cullerton, was drafted in collaboration with some of the state's largest public-employee unions. Michael Carrigan, president of the Illinois AFL-CIO, called it a "fair, responsible and constitutional solution" that will bring much-needed stability to the system.
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