Pension Debt

Gov. Pat Quinn (Credit: CBS)

Appeals Court Denies Quinn’s Latest Bid To Block Lawmakers’ Pay

Gov. Pat Quinn lost another round in his bid to block lawmakers’ paychecks until they send him a pension reform plan, when the Illinois Appellate Court denied his request to stop legislators from getting paid.

09/27/2013

Gov. Pat Quinn (Photo by Streeter Lecka/Getty Images)

Hearing Today On Fight Over State Lawmakers’ Pay

House Speaker Michael Madigan and Senate President John Cullerton sued after Gov. Pat Quinn used his veto power earlier this summer to cut money for legislators’ salaries from the state budget.

09/18/2013

City Hall

Standard & Poor’s Lowers City’s Outlook To ‘Negative’

Standard & Poor’s cited Chicago’s $19.4 billion pension crisis, the city’s mountain of debt, and its historic “reluctance to adjust taxes” despite its sweeping home-rule powers and diverse economy.

09/17/2013

Gov. Pat Quinn (Photo by Streeter Lecka/Getty Images)

Quinn Pleased With ‘Positive’ Framework From Pension Committee

Gov. Pat Quinn appears happy about the progress state lawmakers have been making on pension reforms.

08/26/2013

Illinois State Capitol

Lawmaker: Pension Reform Talks ‘Very Delicate,’ But Making Progress

A leading state lawmaker said a bipartisan pension reform committee has been making progress toward a deal, though not as quickly as they’d like.

WBBM Newsradio–08/20/2013

Illinois State Capitol

September Hearing Set On Dispute Over Lawmakers’ Salary

“This is going to be a landmark case,” said Gov. Pat Quinn, who used his veto power last month to block lawmakers’ salaries over their failure to reach an agreement on pension reform.

08/06/2013

Gov. Pat Quinn (Photo by Streeter Lecka/Getty Images)

Quinn Suspends Lawmakers’ Pay Over Pension Stalemate

Seeking to pressure lawmakers into acting on comprehensive pension reform, Gov. Pat Quinn used his budgetary veto powers on Wednesday to suspend legislative salaries until they come up with a plan.

07/10/2013

Illinois State Capitol

Pension Committee Won’t Meet Governor’s Reform Deadline

The Governor is holding fast to next Tuesday’s deadline for a pension reform bill; the lawmakers are saying there’s no way they can do it.

07/03/2013

Illinois House Floor

Governor, Legislative Leaders Still Can’t Agree On Pension Reform

A meeting between Gov. Pat Quinn and the state’s four legislative leaders ended Friday afternoon without much progress towards pension reform, and it appears next week’s special session won’t bring a solution.

06/14/2013

Illinois State Capitol

Madigan Moves To Gut Cullerton’s Pension Reform Plan

House Speaker Michael Madigan has taken steps to replace Senate President John Cullerton’s pension reform plan with his own plan, even though the speaker’s plan was soundly defeated in the Senate last month.

CBS Chicago–06/12/2013

Illinois House Republican Leader Tom Cross (Credit: CBS)

House GOP Leader Accuses Dem Leaders Of ‘Tap Dance’ To Block Pension Reform

Illinois House Republican Leader Tom Cross said Wednesday that he believes there’s an ulterior motive behind the ongoing pension reform standoff between House Speaker Michael Madigan and Senate President John Cullerton.

WBBM Newsradio–06/12/2013

James R. Thompson Center

Quinn Asks Madigan, Cullerton To Merge Pension Reform Plans

After meeting with Gov. Pat Quinn for more than an hour and a half, House Speaker Michael Madigan and Senate President John Cullerton seemed friendly, but not much closer to resolving their differences over pension reform.

06/10/2013

Illinois State Capitol

Madigan Enlists Nekritz To Negotiate With Cullerton On Pensions

Illinois House Speaker Michael Madigan might not be in touch with Gov. Pat Quinn, but there might be some behind-the-scenes work ahead to resolve the state’s pension reform impasse before a special session of the General Assembly on June 19.

WBBM Newsradio–06/07/2013

Gov. Pat Quinn presents his annual budget address to the Illinois General Assembly on March 6, 2013, in Springfield. (Credit: CBS)

Governor Calls Special Session On Pensions After Another Credit Downgrade

Gov. Pat Quinn has called for a special session of the Illinois General Assembly in two weeks, after the state’s credit rating was downgraded again over lawmakers’ failure to approve comprehensive pension reforms.

06/06/2013

Judy Baar Topinka (Photo From Judy Baar Topinka Website)

Topinka: Cullerton Pension Plan ‘A Pretty Good Compromise’

Illinois State Comptroller Judy Baar Topinka threw her support behind Senate President John Cullerton’s pension plan on Tuesday, calling it the best bet for solving the state’s $100 billion pension crisis.

06/05/2013

Illinois House Floor

State Lawmakers Move Forward With $53B Budget Plan

The Democrat-controlled Legislature began piecing together a new state budget Tuesday that avoids the steep cuts of recent years and also gave final approval to a historic expansion of Medicaid, as Republicans accused their colleagues across the aisle of having “an insatiable appetite to spend money we don’t have.”

05/29/2013

(Credit: Thinkstock)

Schools Worry About Covering Teacher Pension Costs

Public school administrators told lawmakers Thursday that some local districts would have to raise property taxes if legislators vote to have them cover the cost of teacher pensions.

05/10/2013

Illinois State Capitol

Illinois Senate Passes Union-Backed Pension Plan

The Illinois Senate voted Thursday to send a union-supported pension reform bill to the House, leaving lawmakers with two competing proposals for dealing with the nation’s worst state pension crisis just weeks before the Legislature is scheduled to adjourn.

05/09/2013

Illinois State Capitol

House Passes Speaker Madigan’s Pension Reform Plan

The Illinois House has approved a comprehensive pension-reform plan for the first time after years of talks.

05/02/2013

Illinois House Of Representatives

Cullerton Touts Pension Deal With Unions As House Committee OKs Madigan Plan

Labor leaders threatened a lawsuit Wednesday over House Speaker Michael Madigan’s pension-reform proposal to lower the retirement benefits of public employees in Illinois, but a committee advanced the plan anyway.

05/01/2013

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