pensions

Pension Overhaul
4:55 am
Tue June 11, 2013

Expert: Quinn Must Win On Pensions

Kent Redfield
Credit UIS

Illinois Governor Pat Quinn “Desperately needs a win” on pension reform. That’s the conclusion of political scientist Kent Redfield. The U of I - Springfield professor spoke ahead of next week’s special session on pensions, which Quinn ordered. Redfield says the Governor repeatedly blamed pension costs for the state's budget problems. If no agreement is reached, Redfield says, Quinn will look weak going into next year’s primary election:

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Government
6:18 am
Tue June 4, 2013

Illinois Municipal Pension Fund On Firm Ground

IMRF Director Lou Kosiba

It's no secret that Illinois has one of the worst funded pension systems in the country. But the fund that covers municipal workers is in better shape.

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-Illinois
5:17 am
Fri May 31, 2013

What's Left? Pensions, Guns, And Same-Sex Marriage

Credit Illinois Public Radio / Chris Slaby

Illinois has the worst funded pension system in the nation, and lawmakers have until tonight to do something about it. 

The General Assembly is scheduled to adjourn by midnight.  After that, it requires extra votes to get legislation to the governor's desk.  Pensions are not the only thing left. 

Recent Statehouse Action:

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Education
5:03 am
Thu May 30, 2013

Lawmakers Discuss Higher Education Funding, Pensions

Reps. Darlene Senger (left) and Elaine Nekritz discuss pensions in a Statehouse conference room.
Credit Brian Mackey / Illinois Public Radio

Illinois Democrats continued approving a new state budget on party-line votes. The Senate approved spending plans for education --  from elementary and high schools to colleges and universities -- with funding pretty much at last year's level.

Cuts proposed earlier this year by Governor Pat Quinn did not materialize, partly because Illinois collected more tax money than it expected in April.

Sen. Dan Kotowski, D-Park Ridge, says funding for higher education is critical because it's tied to the problem of unemployment.

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Illinois Pensions
5:04 am
Fri May 24, 2013

Judges Left Out Of Pension Deals

Credit Illinois Supreme Court

There's a lot of angst, uproar and fussing at the capitol over what's happening with the state's pension systems.

What legislators do about it will have ramifications for the Illinois budget, as well as for state employees' and teachers' pocketbooks - not to mention politicians' own political and financial futures.

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Illinois Legislature
6:03 am
Mon May 20, 2013

Final Stretch At Illinois Statehouse

Credit illinois.gov

Illinois lawmakers are set to meet every day through May 31st when the session is scheduled to adjourn.  Plans for the next state budget are expected to begin surfacing this week.

Other major issues before legislators include the state's pensions, same-sex marriage, and new casinos.

The House and Senate are working on dueling versions - the Senate, for example, is expected to fight against cuts to education.

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Higher Education
5:05 am
Fri May 17, 2013

Education Officials Support Cost-Shift For Pensions

Credit Amanda Vinicky

Although they're facing budget cuts, universities and community colleges say they're willing to begin taking on employees' pension costs.  The state covers the employers' share of retirement benefits for Illinois' public schools, colleges and universities.

WEB EXTRA: NIU Pension Overhaul Website

House Speaker Mike Madigan is insistent the state stop.

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Pensions
4:55 am
Fri March 22, 2013

House Pension Plan Restricts Cost Of Living Increases

Rep. Mike Smiddy, D-Hillsdale
Credit ilga.gov

Retired state employees and teachers would see their pensions reduced under the latest measure approved in the Illinois House. The plan restricts the cost of living adjustments retirees receive, applying the bumps only to a retirees' first $25,000 in pension benefits.

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-Illinois
4:55 am
Fri March 15, 2013

Pension Proposals Move Through House

Rep. Elaine Nekritz
Credit ilga.gov

A pair of pension measures met success in the Illinois House. It's the first time the House passed legislation that could have a significant impact on state employees' retirement benefits, as well as that of teachers and university workers.

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-Illinois
5:29 am
Wed February 6, 2013

Quinn to Deliver "State of the State"

Credit state of Illinois

WNIJ will carry the Governor's address today at noon

It is an opportunity for the Chicago Democrat to boast of his accomplishments and set the stage for his budget address in the coming weeks. Senator Mike Jacobs, a Democrat from East Moline, says he believes Quinn has done a good job despite difficult circumstances.

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