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.

Read more
5:36 am
Fri June 1, 2012

Pension bill stalls, gambling expansion passes as session ends

Illinois lawmakers have wrapped up their spring session. But they left some work on the table. 

The General Assembly did send the governor a budget. But Sen. Matt Murphy, R-Palatine, says it contains "gimmicks" meant to disguise bad policies.

"Pushing bills off. Moving them around," he said. "Trying to deceive the people into believing that fiscal responsibility has finally been visited upon their Capitol when clearly it has not."

Read more
6:07 am
Thu May 31, 2012

Revised pension plan moves to House floor

Michael Madigan (D) Chicago

A revised plan  to overhaul state pensions has cleared its first hurdle and is headed to the Illinois House.

Just yesterday, partisan differences had threatened to kill prospects for a pension overhaul when Republicans refused to go along with House Speaker Michael Madigan's plan to cut pension costs. Madigan transferred sponsor ship to House Republican Leader Tom Cross.

Read more
10:01 am
Wed May 30, 2012

Tensions mount in Illinois House over pensions

The Illinois House is divided over a measure that would bring major changes to the state's pension system. The plan was approved by a committee on Tuesday. But it ignited a tense debate on the House floor. 

Read more
8:45 am
Thu May 10, 2012

Business community getting behind Quinn's pension plan

The governor's overhaul proposal receives an endorsement from the Illinois Chamber of Commerce.

Read more
6:37 am
Fri May 4, 2012

Voters to decide on tougher rules for pension increases

A constitutional amendment for Illinois will appear on the November ballot. The proposed change has to do with increasing pension benefits for public workers.

Read more
5:33 am
Thu April 19, 2012

Illinois House Approves Constitutional Amendment


A proposed constitutional amendment on pension laws continues to advance in the Illinois legislature. 

Read more