Rauner, GOP leaders embrace pension compromise

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CHICAGO --Gov. Bruce Rauner and republican legislative leaders say they're willing to compromise to bring some pension relief to Illinois.

Rauner says he will accept a plan offered by democratic Senate President John Cullerton to reform the state's pension system.

The measure would give workers a choice between having future salary increases count toward their pensions or continuing to get 3 percent compounded annual cost-of-living increases upon retirement.

The plan is expect to save the state $1 billion in pension costs.

The state's current pension liability stands at  $111 billion, but Rauner says Cullerton's measure is a step in the right direction.