pensions

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.

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.

Pension Proposals Move Through House

Mar 15, 2013
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.

Quinn to Deliver "State of the State"

Feb 6, 2013
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.

Pension Overhaul Remains Up In The Air

Jan 8, 2013

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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