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Illinois lawmakers are considering whether to let Governor Bruce Rauner reduce or delay pension payments.The measure would give the governor the power to…
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It’s been 10 months since the Illinois Supreme Court struck down the state’s last attempt at a pension overhaul. Legislators have yet to decide what to do…
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The long-term pension debt in Illinois rose to $111 billion. That’s $6 billion higher than last year.The state will have to contribute roughly $375…
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Thousands of retirees in the Midwest face a big cut in their incomes next year.The pension fund for many retired members of the Teamsters Union proposed…
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The lack of an Illinois budget means public pension systems won't get their state contribution next month. That won't stop retirees from getting their…
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The U.S. Supreme Court will not get the last word on Illinois’s attempts to cut government pension costs; a 2013 pension law is dead, for good.There'd…
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Illinois may not be done with the 2013 law reducing state employees’ pensions after all. Attorney General Lisa Madigan appears to be readying an appeal to…
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A multi-tiered pension proposal put forth by Governor Bruce Rauner was examined during an Illinois House committee yesterday.Rauner wants to offer…
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An Illinois House committee held the first hearing on Gov. Bruce Rauner’s pension proposal. Under his plan, workers would keep all the benefits they…
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The Illinois Supreme Court will hear a case affecting public employee pensions. The court agreed to a quick review. Justices want to see briefs submitted…