SPRINGFIELD – Rank-and-file lawmakers frustrated by slow progress and finger-pointing offered their own solution Wednesday to Illinois' multibillion-dollar pension crisis, saying legislators must take a new approach to the problem before the state is sent into "financial oblivion."

Rep. Elaine Nekritz, chairwoman of the House pension committee, was joined by more than 20 colleagues – including a handful of Republicans – in introducing the legislation on the final day of the fall veto session.

The Northbrook Democrat said the proposal included things each of them don't like, but that it has more support and momentum than any pension effort she has seen.