The Canadian PressDecember 4, 2013 17:46
SPRINGFIELD, Ill. - With the fight over solving Illinois' worst-in-the-nation pension shortfall moving to the courts, the state faces a grim possibility: The plan could be tossed, and Illinois could wind up in an even deeper fiscal hole.
Lawmakers approved a bill Tuesday that they say eliminates the $100 billion unfunded pension liability, largely by cutting benefits.
Labour unions say it's unconstitutional and plan to sue once Gov. Pat Quinn signs it.
Court rulings on similar cases elsewhere have varied.