pensions

Politics
7:06 am
Tue January 8, 2013

Pension Overhaul Remains Up In The Air

State Representative Bob Prtichard

A proposed overhaul cleared a House committee Monday. But the full House adjourned for the day without taking action. Observers say legislative leaders are trying to round up of enough votes for the bill to pass.

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Government
4:48 am
Mon January 7, 2013

Pension Vote Possible Monday

Credit state of Illinois

Illinois lawmakers could move forward with a plan to address the state's pension woes. A House committee is expected to consider a proposal when it meets on Monday. The expected vote comes after a Sunday meeting of the Illinois House that accomplished little. But legislators still say they can still tackle the state's pension problem before the General Assembly adjourns for good on Wednesday.

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Election 2012
4:33 am
Wed October 17, 2012

Amendment Would Change Voting Rules for Pensions

Rep. Bob Pritchard, Sycamore (R)
ilga.gov

In November, Illinois voters will be asked if it should be more difficult to increase pension benefits for public employees. If approved, the proposed amendment to the Illinois Constitution would raise the number of votes needed to make increases to public employee pensions from a simple majority to a three-fifths vote. It applies to the General Assembly, city councils, school boards, and other public governing bodies.

Representative Bob Pritchard says the proposed amendment is the result of the current underfunding of public pensions:

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-Illinois
6:15 am
Mon October 8, 2012

Budget Watchdog Says Illinois Finances a Mixed Bag

A new report analyzing Illinois' finances has some good news and some bad news. The Chicago-based Civic Federation's report breaks down the latest Illinois budget - which was approved earlier this year.

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Government
6:30 am
Fri September 14, 2012

Cullerton Says No Pension Vote Until 2013

Illinois Senate President John Cullerton

Another top Democrat in Springfield says any action on a pension overhaul will have to wait until early next year. Illinois Senate President John Cullerton says a vote on a plan to overhaul the state's troubled pension systems will probably come in January.

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Government
6:27 am
Tue September 4, 2012

Pension Vote May Have To Wait Until Early 2013

housedem.state.il.us

It appears Illinois lawmakers will wait until early next year to deal with the state’s pension crisis. That was the message from one of the state's top Democrats. 

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Government
7:44 am
Mon August 20, 2012

Governor, lawmakers look at what's next for pension debate

Governor Pat Quinn is expected to start a campaign to boost support for changes to Illinois' pension systems.  During last week's special session, lawmakers failed to approve a plan that would address the state’s massively underfunded retirement systems.

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Government
10:38 pm
Sat August 18, 2012

Quinn lashes out at GOP over stalled pension effort

Gov. Pat Quinn issued a statement Friday evening regarding the General Assembly's inaction on comprehensive public pension reform.

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Government
7:52 am
Tue August 14, 2012

Published report details surge in state worker retirements

More Illinois government employees are taking the leap into retirement, apparently hoping to lock in their benefits before state officials agree on a plan to cut pensions.

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Government
7:39 am
Thu June 7, 2012

Research is the next step in pension reform quest

Illinois officials will gather financial information from the state’s more than 800 school districts over the next two weeks to understand how shifting pension costs away from the state would affect those districts.

“The more facts we could gather regarding what the impact would be on school districts,” Gov. Pat Quinn said, “it would be very important facts we should know.”

The governor initially supported shifting the cost of future pensions for downstate teachers and university workers to school districts and universities but backed away as the legislative session waned.

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