Illinois pensions

SEC: Illinois Misled Investors

Mar 12, 2013

Republican Leader Says Investigation Highlights State's Pension Problem

Illinois has agreed to disclose more about its underfunded pensions systems following a Securities and Exchanges Commission investigation.

The Illinois House continued test votes on measures to address the state's pension problem ... and after a series of failures, one finally passed. Most Republicans are still boycotting the process.

Illinois General Assembly

A lack of a pension overhaul in Springfield has prompted one lawmaker to propose changes to Illinois' constitution. The bill aims to strip a key provision that has been at center of negotiations.

Chris Slaby / Illinois Public Radio

Illinois Governor Pat Quinn gave his State of the State address this week. He repeatedly hammered a theme of political courage during his speech to the General Assembly.

Pension Reform Passes Committee, No House Vote Yet

Jan 7, 2013

There’s no deal on a pension reform plan at the Illinois Capitol…yet.

The Illinois House adjourned without a floor vote on a contentious plan to change the state’s troubled public employee pension system. An Illinois House committee today gave bi-partisan approval to a plan sponsored by Representative Elaine Nekritz. She says she expects it to be called for a vote by the House Tuesday, at the earliest.

Illinois Pension Deal Could Emerge This Weekend

Jan 4, 2013

Details are beginning to emerge about a possible pension deal.  The Governor and legislative leaders are set to meet Saturday in Chicago. 

It's not clear Illinois lawmakers will come to an agreement on the pension problem anytime soon. But that's not stopping the Teachers' Retirement System from preparing for possible changes. One of the leading pension proposals would force employees to make a choice: give up state-backed health care in retirement, or accept lower pension cost-of-living increases.

Pension Problems: What's Next?

Dec 20, 2012

Illinois has the worst-funded pension system in the country, and the General Assembly is trying to determine how to resolve the problem. What will Illinois state employees be saying about their retirement plans 30 years from now, based on decisions made today?

Pension Problems: How Did Illinois Get Here?

Dec 19, 2012

Lawmakers head back to Springfield in early January to try to tackle the state’s massive pension crisis. Illinois’ retirement systems have unfunded liabilities of at least $95 billion– and counting.


A labor union is demanding the resignation of the head of Illinois' teacher pension system. The union doesn't like what he's been saying about the future of teachers' retirement benefits. Richard Ingram says in order to solve the long-term funding problems of the Teachers' Retirement System, the state has to consider reducing automatic cost-of-living increases for retirees.