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Madigan Says Pension Fix Could Come Before End Of Year

Illinois House Speaker Michael Madigan
Illinois House Speaker Michael Madigan

Illinois House Speaker Michael Madigan says that he is ready to pass a "meaningful'' pension reform bill, and he hopes it will happen before the end of the year.

Madigan says that once the money experts put the numbers together he hopes lawmakers can return to Springfield and approve a bill.

Illinois has a $100 billion unfunded pension liability.

Lawmakers have been working for years to pass legislation addressing it, but have yet to fix the problem.

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