SPRINGFIELD, Ill. (AP) — Illinois lawmakers were poised Tuesday to vote on a plan to solve the state’s $100 billion pension crisis — a proposal many are calling the most important vote of their careers and one that could deeply reduce the retirement benefits of hundreds of thousands of workers and retirees.
At a hearing on the measure Tuesday morning, House Speaker Michael Madigan called the pension shortfall — the worst of any state in the country — “one of the most serious problems affecting the state of Illinois.”
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