Chicago pensions

Quinn Signs Chicago Pension Measure

Jun 10, 2014
state of Illinois

Illinois Governor Pat Quinn has signed a bill that reduces the retirement benefits of some City of Chicago employees.

Quinn signed the controversial pension bill in private.

But he released a statement saying he was quote - “dismayed by the ill-advised attempt” to have lawmakers impose a tax increase on Chicago residents.

An earlier version of the measure called on Chicago’s city council to raise property taxes - but that was removed from the final version.

Chicago Pension Measure Headed To Quinn's Desk

Apr 9, 2014

A bill to cut retirement benefits for some City of Chicago employees has made its way to the governor’s desk. But it’s not clear whether he will sign it.

In one day - the Illinois State House and Senate approved a measure affecting more than 56,000 city laborers and municipal workers.

Chicago Mayor Rahm Emanuel sounded optimistic when he spoke to reporters after the plan cleared the state legislature Tuesday.