Pension reform committee holds public hearing in Chicago

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A small, bipartisan group of Illinois lawmakers is holding a public hearing in Chicago on the state’s pension crisis.

A conference committee of 10 lawmakers is taking testimony from civic organizations and other groups on how to fix a pension system that’s underfunded by $97 billion.

PensionsOfficials from some of the state’s universities told the committee how the crisis is affecting their schools and offered suggestions on how to fix it.

The hearing comes a week before the General Assembly meets in a special session in hopes of finally passing pension reform.

The Senate and House each passed its own plan.

Governor Quinn called for a conference committee to work out the differences.

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