CHICAGO — Democratic and Republican backers of legislation to fix Illinois’s pension mess portrayed it as landmark legislation that represents the best shot at both stabilizing the system and the state’s fiscal foundation. Unions attacked it as unfair and unconstitutional.

Many of the comments came during a hearing held Tuesday by the legislative conference committee established in June to craft a compromise proposal aimed at resolving a political impasse that has blocked action for two years.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.