pensions http://northernpublicradio.org en Pension Committee Update http://northernpublicradio.org/post/pension-committee-update <p style="margin-bottom: 15px; padding: 0px; border: 0px; font-size: 15px; vertical-align: baseline; color: rgb(51, 51, 51); font-family: Georgia, Times, serif; line-height: 22px;">A special committee has been negotiating over how to solve the pension problem for more than 12 weeks.&nbsp;</p> Fri, 27 Sep 2013 16:14:34 +0000 Amanda Vinicky 36770 at http://northernpublicradio.org Pension Committee Update Pension Savings Estimate Off By $25 Billion http://northernpublicradio.org/post/pension-savings-estimate-25-billion <p>The estimated savings on a state pension proposal backed by Illinois House Speaker Mike Madigan is billions of dollars less than originally thought. &nbsp;</p><p>The Teachers Retirement System made a mistake in its calculations. The revision was outlined in a letter to the bipartisan panel working on solving Illinois' pension shortfall.</p> Tue, 27 Aug 2013 10:29:42 +0000 WNIJ 35189 at http://northernpublicradio.org Pension Savings Estimate Off By $25 Billion Pritchard: Salary Lawsuit Is Needed http://northernpublicradio.org/post/pritchard-salary-lawsuit-needed <p></p> Mon, 05 Aug 2013 11:26:48 +0000 Jenna Dooley 34052 at http://northernpublicradio.org Pritchard: Salary Lawsuit Is Needed Legislative Leaders Sue Quinn http://northernpublicradio.org/post/legislative-leaders-sue-quinn <p></p><p>The leaders of the Illinois General Assembly have sued Governor Pat Quinn over his veto of lawmakers' salaries.</p><p>Quinn vetoed lawmakers salaries out of the budget as a sort-of punishment for not passing legislation to overhaul Illinois' government-employee pension systems.</p><p>In a joint lawsuit filed in Cook County, House Speaker Michael Madigan and Senate President John Cullerton say the governor overstepped his bounds.</p><p>Rikeesha Phelon is a spokeswoman for the Senate president:</p> Wed, 31 Jul 2013 10:51:36 +0000 WNIJ 33825 at http://northernpublicradio.org Legislative Leaders Sue Quinn Brady: Pension Panel Close To Compromise http://northernpublicradio.org/post/brady-pension-panel-close-compromise <p></p><p>A member of the Illinois General Assembly's special pension committee says the group is waiting for what he hopes will be the final round of budget analysis.</p><p>The pension conference committee is trying to find a way to reduce Illinois roughly $100 billion in unfunded future pension liabilities. The group comprises 10 senators and representatives, both Democrats and Republicans.</p><p>State Sen. Bill Brady is a Republican from Bloomington. He says there has been a lot of compromise.</p> Tue, 30 Jul 2013 09:59:24 +0000 WNIJ 33765 at http://northernpublicradio.org Brady: Pension Panel Close To Compromise Credit Union Offers Loan To Lawmakers http://northernpublicradio.org/post/credit-union-offers-loan-lawmakers <p></p><p>Illinois lawmakers will not be getting their monthly paycheck, starting next week. At least one financial institution is offering to help tide them over until the General Assembly's dispute with the Governor is resolved.&nbsp; Lawmakers' base salary of $68,000 has been set to zero - Gov. Pat Quinn vetoed their pay out of the budget as a sort of punishment for the General Assembly not passing a pension overhaul.</p> Mon, 29 Jul 2013 11:08:58 +0000 WNIJ 33707 at http://northernpublicradio.org Credit Union Offers Loan To Lawmakers Topinka: No Checks For Lawmakers http://northernpublicradio.org/post/topinka-no-checks-lawmakers <p></p><p>Illinois lawmakers will not get their paychecks for the month of August. Governor Pat Quinn took the unusual step earlier this month of cutting lawmakers’ pay from the state budget.</p><p>He says they won’t get paid until they pass a pension overhaul.</p> Fri, 26 Jul 2013 10:59:08 +0000 WNIJ 33593 at http://northernpublicradio.org Topinka: No Checks For Lawmakers Special Session: Illinois Lawmakers Plan To Create Pension Committee http://northernpublicradio.org/post/special-session-illinois-lawmakers-plan-create-pension-committee <p></p><p>Illinois lawmakers will gather for a special session Wednesday. They were called to address the state's pension crisis. But they're expected to pass off the problem to a legislative committee. Wed, 19 Jun 2013 10:32:35 +0000 Mike Moen 31713 at http://northernpublicradio.org Special Session: Illinois Lawmakers Plan To Create Pension Committee House GOP Leader: Pension Stall Is Intentional http://northernpublicradio.org/post/house-gop-leader-pension-stall-intentional <p> The top Republican in the Illinois House of Representatives says he thinks Democratic leaders are purposely not passing pension reform for their own political gain.</p><p>There are lots of conspiracies for why pension reform hasn’t been approved.</p><p>One is that it’s purely a legal debate over how to interpret the constitution.</p><p>Another - is that the powerful House Speaker and state Democratic Party Chairman Michael Madigan - is stalling because it would somehow help his daughter, Attorney General Lisa Madigan, to become governor in next year’s election.</p> Thu, 13 Jun 2013 12:39:29 +0000 WNIJ 31406 at http://northernpublicradio.org House GOP Leader: Pension Stall Is Intentional Expert: Quinn Must Win On Pensions http://northernpublicradio.org/post/expert-quinn-must-win-pensions <p>Illinois Governor Pat Quinn “Desperately needs a win” on pension reform. That’s the conclusion of political scientist <a href="http://igpa.uillinois.edu/person/kent-redfield" target="_blank">Kent Redfield</a>. The U of I - Springfield professor spoke ahead of next week’s special session on pensions, which Quinn ordered. Redfield says the Governor repeatedly blamed pension costs for the state's budget problems. If no agreement is reached, Redfield says, Quinn will look weak going into next year’s primary election:</p> Tue, 11 Jun 2013 09:55:02 +0000 Dan Klefstad 31272 at http://northernpublicradio.org Expert: Quinn Must Win On Pensions