Illinois pensions

Gov. Quinn Signs Pension Reform Bill

Dec 5, 2013
Amanda Vinicky / Illinois Public Radio / WUIS

In just over a week, a pension overhaul went from an agreement between Illinois' legislative leaders to law.

On Tuesday, lawmakers voted for the plan to bring down the state's $100 billion pension debt.

Thursday, Governor Pat Quinn signed it into law.

Senator Daniel Biss, a Democrat from Evanston, was key to its passage.  During the Senate debate, he called it a reasonable compromise.

Roll Call And Reaction To Pension Overhaul Passage

Dec 3, 2013
Amanda Vinicky / IPR

Illinois lawmakers approved cuts to state employee pensions Tuesday. The move comes after years of stalemate over how to address the worst-funded pension plans of any state.

Democratic Governor Pat Quinn immediately declared victory and says he'll sign it into law, while labor unions promise a court challenge. 

Amanda Vinicky / WUIS/IPR

Illinois lawmakers approved a pension overhaul Tuesday. The Senate passed the plan 30 - 24, and the House approved it on a 62 - 53 vote. Governor Pat Quinn has indicated he will sign this bill, which is intended to save $160-billion over the next three decades. 

Details Released On Pension Proposal

Dec 2, 2013
Amanda Vinicky

Earlier this week, legislative leaders announced a deal to bring a pension overhaul before the full chambers. It is estimated to save $160 billion over the next 30 years.  Illinois has the nation's most underfunded retirement systems.

On Friday, the leaders' staff sent around the memo below that highlights changes for public employee pensions.  Lawmakers are expected in Springfield to vote on legislation Tuesday, December 3.  Employee unions have already indicated opposition and if it passes, a legal challenge is likely.


NIU Workers Talk Pensions With Lawmakers

Nov 21, 2013

Employee councils from NIU co-hosted a forum Wednesday, which included several area state lawmakers. The event was viewed as an opportunity for NIU faculty to offer their thoughts as the General Assembly continues to explore how to fix Illinois' troubled pension system.