pension

Illinois
4:26 pm
Wed December 10, 2014

Illinois Supreme Court Agrees To Hear Quick Appeal On Pension Overhaul

Credit Illinois Supreme Court

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 by January 12th and responses by February 27th. The court could hear the case by March.

Lawyers representing state employees, teachers, university workers and others have another month to respond. The Attorney General's office argued delays would be costly to taxpayers because the pension reductions are designed to save more than a billion dollars a year.

Read more
Politics
5:40 am
Wed December 10, 2014

Madigan Works To Accelerate Pension Law Review

Credit state of Illinois

Illinois Attorney General Lisa Madigan wants to speed up a state Supreme Court review of a pension law.  But public employees are hoping to slow down that process.   

Last month,  a Sangamon County judge overturned the law that would reduce pension benefits.  The plan is estimated to save one billion dollars the first year. 

The judge found the law violates the state constitution's protection for public pensions.

Money is behind the arguments on both sides.  The state won't be able to pocket savings if the case remains tied up in the judiciary. 

Read more
Developing
2:21 pm
Fri September 27, 2013

Lawmakers Will Get Paid: Governor Not Happy

A Cook County Judge ruled today that Illinois lawmakers will continue to receive paychecks while Governor Pat Quinn appeals a related ruling. 

Read more
Government
6:48 am
Mon August 6, 2012

Quinn calls for pension reform, warns of consequences

Governor Pat Quinn says without a retirement system overhaul, Illinois will spend more on pensions than education in the next five years. Quinn's office says under current projections, required state pension contributions will rise to over $6 billion in the next few years if no reform is enacted.

Read more