pensions

Judges Left Out Of Pension Deals

Amanda Vinicky — Fri, 24 May 2013 10:04:01 +0000

There's a lot of angst, uproar and fussing at the capitol over what's happening with the state's pension systems.

Final Stretch At Illinois Statehouse

WNIJ — Mon, 20 May 2013 11:03:14 +0000

Illinois lawmakers are set to meet every day through May 31st when the session is scheduled to adjourn. Plans for the next state budget are expected to begin surfacing this week.

Other major issues before legislators include the state's pensions, same-sex marriage, and new casinos.

Education Officials Support Cost-Shift For Pensions

WNIJ — Fri, 17 May 2013 10:05:22 +0000

Although they're facing budget cuts, universities and community colleges say they're willing to begin taking on employees' pension costs. The state covers the employers' share of retirement benefits for Illinois' public schools, colleges and universities.

WEB EXTRA: NIU Pension Overhaul Website

House Speaker Mike Madigan is insistent the state stop.

House Pension Plan Restricts Cost Of Living Increases

WNIJ — Fri, 22 Mar 2013 09:55:16 +0000

Retired state employees and teachers would see their pensions reduced under the latest measure approved in the Illinois House. The plan restricts the cost of living adjustments retirees receive, applying the bumps only to a retirees' first $25,000 in pension benefits.

Pension Proposals Move Through House

WNIJ — Fri, 15 Mar 2013 09:55:54 +0000

A pair of pension measures met success in the Illinois House. It's the first time the House passed legislation that could have a significant impact on state employees' retirement benefits, as well as that of teachers and university workers.