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Pension overhaul on track in Springfield

House Speaker Michael Madigan, D-Chicago, responds to criticism from House Minority Leader Tom Cross on the House Floor during budget debate Wednesday. (Michael Tercha / May 30, 2012)

House Speaker Michael Madigan, D-Chicago, responds to criticism from House Minority Leader Tom Cross on the House Floor during budget debate Wednesday. (Michael Tercha / May 30, 2012)

House lawmakers approved the latest version of a pension overhaul today as the clock ticks down toward a midnight adjournment deadline.

The plan to fix the nation’s worst-funded pension system came rolling out as House Republican Leader Tom Cross took over chief sponsorship, a move initiated by Democratic Speaker Michael Madigan Wednesday night.

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