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Pension Debt

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

Illinois House Speaker Michael Madigan

House Speaker Madigan Proposes Pension Reform Plan

Illinois House Speaker Michael Madigan sought Tuesday to tackle the pension crisis through a single piece of legislation that would require government employees and teachers to contribute more toward their retirement but receive fewer benefits in return.

04/30/2013

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

Quinn: ‘Most Difficult Budget Ever’ Due To Pension Mess

Governor Quinn says he found this his toughest budget to deliver to Illinois lawmakers, and it’s getting criticism from both sides of the aisle, reports WBBM Political Editor Craig Dellimore.

03/06/2013

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

Illinois House Speaker Michael Madigan

Madigan: ‘No Cooperation’ From Unions On Pension Reform

SPRINGFIELD, Ill. (AP) – Illinois House Speaker Michael Madigan says public employee unions have offered “no cooperation” on fixing the pension crisis. The Chicago Democrat released a sharp response Wednesday to a group of labor […]

01/30/2013

Illinois State Capitol

Cullerton Hopes Latest Hit To State’s Credit Rating Prompts Pension Reform Vote

Illinois Senate President John Cullerton (D-Chicago) said Monday that the state is only hurting itself by failing to take action to resolve its ballooning pension debt and declining credit rating.

01/28/2013

Walter Jacobson

Walter’s Perspective: More Of The Same Nothing From Lawmakers On Pension Crisis

It’s hard to believe, but there are some players in the news playing worse than the Fighting Irish.

CBS 2–01/08/2013

Illinois House Floor

Illinois House Ends Current Session With No Vote On Pension Reform

Illinois lawmakers abruptly adjourned a lame-duck legislative session Tuesday without agreement on how to fix the nation’s most dire pension crisis, declining even to vote on the governor’s last-ditch effort to let an independent commission sort out the $96 billion mess.

01/08/2013

Illinois State Capitol

House Committee Backs Pension Reform Plan, But No Floor Vote Yet

A breakthrough measure to address Illinois’ $96 billion pension crisis progressed Monday in the Illinois House, but odds of a final deal before this week’s deadline grew slimmer as lawmakers left the Capitol without taking a floor vote.

01/07/2013

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