CHICAGO — With labor union backing, the Illinois Senate will vote Thursday on a pension reform package that attempts to tackle the state's pension funding crisis by asking workers to accept benefit cuts in exchange for preserving their retiree healthcare subsidies.

The vote on Senate Bill 2404 in committee Wednesday and then on the floor Thursday comes one week after the House passed its own plan sponsored by Democratic House Speaker Michael Madigan that imposes cuts directly. It sets the stage for either a grand compromise between the chambers or a stalemate.

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