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Pension Benefits

Illinois State Capitol in Springfield

Illinois College Retirement Board OKs Pension Fix

The 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.

05/09/2014

Photo Of The Quad At The University Of Illinois. (U Of I Photo)

U. Of I. Warns Pension Reform Glitch Could Lead To Mass Retirements

The 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.

04/18/2014

Illinois State Capitol

Budget Expert: Lawmakers’ Refusal Of Pension Benefits ‘Irrelevant’ To Pension Crisis

Several 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.

WBBM Newsradio–02/12/2013

2 Investigators/BGA

Lobbyists Drawing Lucrative Pensions Partially Paid By Taxpayers

They aren’t government employees. They are in effect lobbyists, but their salaries and pensions are funded in part by your tax dollars.

CBS 2–01/18/2012

Illinois State Capitol

House Dems: Even Ill-Gotten Pension Benefits Can’t Be Revoked

Some 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.

CBS Chicago–12/12/2011

Illinois State Capitol

Ill. House Reconsiders Closing Pension Loopholes

Some 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.

12/11/2011

Illinois Senate Chambers

Senate Pres.: Cutting Pension Benefits Is Unconstitutional

Illinois Senate President John Cullerton (D-Chicago) says cutting pension benefits for current state employees is, in his words, “clearly unconstitutional.”

WBBM Newsradio–03/03/2011

Mayor Richard M. Daley

Daley Says Pension Reform Could Force Historic Tax Hike

Illinois lawmakers have approved a pension reform proposal that Mayor Richard M. Daley warned would result in the largest property tax hike in Chicago history.

CBS Chicago–12/02/2010