Lawmakers in Illinois will take up the issue of pension reform today. A Senate Committee in Springfield will hold a hearing today on a bill that would attempt to fix the problem in Illinois that some are saying is responsible for dragging the entire state economy down. The bill caps pensionable salary, temporarily suspends and reduces the amount of automatic annual increases, requires the pension systems to be fully funded by 2043, and increases required employee contributions. Illinois Governor Pat Quinn has long called on the legislature to do something about the pension problem, with the legislature continually pointing the finger back at the governor - saying they're getting no guidance from him on the matter.
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