Pension Benefits

Illinois Supreme Court Tosses State Pension OverhaulThe decree puts new Republican Gov. Bruce Rauner and Democrats who control the General Assembly back at the starting line in trying to figure out how to wrestle down a $111 billion deficit in what's necessary to cover its state employee retirement obligations.
Illinois College Retirement Board OKs Pension FixThe board of the State Universities Retirement System voted Thursday to accept an interpretation of last year's state-pension reform law that says the law won't inadvertently cut university retirees' pensions.
U. Of I. Warns Pension Reform Glitch Could Lead To Mass RetirementsThe University of Illinois was warning state lawmakers of a problem with a pension reform plan that the school fears will trigger a crippling “brain drain” as faculty members consider retiring this summer.
Budget Expert: Lawmakers' Refusal Of Pension Benefits 'Irrelevant' To Pension CrisisSeveral state lawmakers have opted out of their legislative pensions, while the state continues to struggle with a massive pension debt, but a local budget policy group said the lawmakers’ actions are neither effective, nor relevant.
Lobbyists Drawing Lucrative Pensions Partially Paid By TaxpayersThey aren't government employees. They are in effect lobbyists, but their salaries and pensions are funded in part by your tax dollars.
House Dems: Even Ill-Gotten Pension Benefits Can't Be RevokedSome Democrats in the Illinois House are flip-flopping on whether to crack down on pension abuses by union officials, including two lobbyists who got teacher pensions for working just one day in the classroom.
Ill. House Reconsiders Closing Pension LoopholesSome Illinois lawmakers are having second thoughts about cracking down on pension abuses by union officials, including two lobbyists who qualified for teacher pensions by spending a single day in the classroom.
Senate Pres.: Cutting Pension Benefits Is UnconstitutionalIllinois Senate President John Cullerton (D-Chicago) says cutting pension benefits for current state employees is, in his words, "clearly unconstitutional."
Daley Says Pension Reform Could Force Historic Tax HikeIllinois lawmakers have approved a pension reform proposal that Mayor Richard M. Daley warned would result in the largest property tax hike in Chicago history.