Pension reform showdown ahead in Springfield

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illinoislawmakerspensionThe stage is set for a legislative showdown on Illinois pension reform.

The state Senate endorsed a plan to save the state about $50 billion in pension expenses; a House alternative proposed by Speaker Mike Madigan would save three times as much.

The plans differ on issues like retirement age, health care coverage and cost-of-living pension raises.

Now comes the tense job of reconciling two very different plans and finding a compromise that can survive a court challenge.

Governor Pat Quinn would like a final bill on his desk before the General Assembly holds the final session of the current fiscal year on May 31st.

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