11/29/2013 1:37:00 PM Ill. public pension deal could wrap up in a day
CHICAGO (AP) — After wrestling with public pension reform for months, Illinois legislative leaders say lawmakers might only need a single day to pass their plan for dealing with the $100 billion crisis.
The 10-member conference committee on pension reform is set to meet in Springfield Tuesday. If six of the 10 members sign a report agreeing to terms of a deal, both chambers could bring legislation up for a vote the same day.
House Speaker Michael Madigan’s spokesman, Steve Brown, says the legislation could be considered in both chambers simultaneously.
Legislative leaders announced this week they had reached agreement on a plan that would save $160 billion over 30 years.
Along with Gov. Pat Quinn, they have spent recent days calling members and asking them to support the plan.