CHICAGO – Illinois lawmakers adjourned their lame-duck session Tuesday after failing come up with reforms to the state pension system, leaving the $95 billion unfunded pension mess in the hands of the new General Assembly being sworn in Wednesday.

Lawmakers’ actions are being followed by voters, local governments, civic and business groups. They are also being watched closely by investors who demand substantial interest rate penalties to buy debt from Illinois, and rating analysts who have warned that trimming the size of the state’s obligations and burden of growing payments are central to stabilizing its rating.

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