Illinois Legislature Passes Fix for $100 Billion Pension Crisis

http://www.nytimes.com/aponline/2013/12/03/us/ap-us-illinois-pensions.html?partner=rss&emc=rss

The vote to approve a historic plan to eliminate the state’s $100 billion pension shortfall drew threats of a legal challenge from labor unions, but supporters said it was crucial to repairing Illinois’ deeply troubled finances.

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