Pension reform is one of the biggest issues facing lawmakers this year. Senator Michael Noland is on a task force charged with finding a solution to the pension problems. He says stakeholders will have to put politics aside and be prepared for compromise.
Illinois' pension system is only about 45-percent funded, it's one of the worst in the nation. Moody's investor's recently lowered the state's credit rating because of the looming pension crisis. Noland says reform has become mandatory and failure is not an option.