Illinois Legislative Leaders Try to Sell Pension Agreement
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Illinois legislative leaders are trying to persuade lawmakers to embrace a solution for the nation’s worst-funded U.S. public pension system as unions representing hundreds of thousands of workers and retirees push against the proposal.
The holiday weekend of lobbying is the prelude to the legislature’s Dec. 3 return, when the Democrat-dominated General Assembly will consider the plan designed to save $160 billion over 30 years and restore stability to the retirement system. Within an hour of the tentative deal’s announcement, labor unions mobilized against it.