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Officials with the Teacher’s Retirement System made a decision today that could add another $421 million to Illinois’ annual pension costs.

After more than an hour of listening to actuaries explain why the teacher pension fund isn’t earning as much off its investments as it used to, TRS board member Andrew Hirshman tried explaining it using medical terms instead of math.

Flickr user Pictures of Money / "Money" (CC BY 2.0)

Illinois Gov. Bruce Rauner has signed legislation requiring insurance companies to locate beneficiaries of unclaimed life insurance policies and pay them money they're owed.

The Republican said Friday the state also is launching a website to help Illinois residents find out if they are a beneficiary of an insurance policy or annuity left by someone who died.

Democratic Treasurer Michael Frerichs says his office has identified more than $550 million in unpaid benefits owed to Illinois residents.

Steve Johnson / Flickr/Creative Commons

Officials say they will replace water fountains and pipes used for drinking water for preschoolers and kindergartners in Waukegan School District 60 after high lead levels were found.

The Lake County News-Sun reports that the decision came after a study initially found 10 percent of the district's water sources had lead levels greater than 15 parts per billion, which is the action level set by the U.S.

Environmental Protection Agency for drinking water. All water sources at the action level will be removed or replaced regardless of location.

done in collaboration with summer 2016 data visualization course, Department of Computer Science, Northern Illinois University (Mohammed Jaffer Ali)

Video gaming machines have been popping up in Illinois bars and restaurants for nearly four years. For the most part, the increase in gaming machines and in revenue across the state has been steady.

Database: Check revenue reports in your community

There are nearly 24,000 video gaming machines in Illinois, and the amount played over the last few years is in the billions of dollars -- with a b. 

Illinois Supreme Court Says No To Remap Referendum

Aug 25, 2016
Illinois State Board of Elections

A divided Illinois Supreme Court has ruled a voter referendum seeking to change the system Illinois uses to draw political boundaries is unconstitutional, meaning it can't appear on the November ballot. 

  The ruling Thursday affirms a Cook County judge's decision that the proposal doesn't meet constitutional muster.

 

 

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