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posted: 7/3/2013 7:26 AM

Ill. legislative panel holds 2nd pension hearing

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Associated Press

A legislative committee working to forge a compromise on Illinois' $97 billion pension crisis is holding its second public hearing.

The 10-member bipartisan committee is scheduled to meet Wednesday in Chicago. Members will hear testimony from civic organizations and others on how to address the pension debt.

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Illinois has the nation's worst state pension shortfall, but lawmakers have repeatedly failed to solve the problem.

They voted last month to form the committee after a special legislative session made clear the House and Senate were divided between two approaches. One would cut retirement benefits across the board. The other would give workers and retirees a choice in benefits.

A third public hearing is scheduled for Monday in Springfield.

Gov. Pat Quinn has asked the committee to report back by July 9.

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