“… A state constitutional amendment requires legislative supermajorities of 60% in both chambers of the General Assembly to refer it to voters. Action is needed, restructuring specialist James Spiotto, a managing director at Chapman Strategic Advisors, warned during a presentation last month on the state’s pension crisis hosted by Truth in Accounting and the Keeley Center for Financial Services. 'Survival of the state or local government is key to long-term survival of pensions,' Spiotto said.”