Pension Plan

City Hall

Quinn Signs Legislation For Chicago Pension Overhaul

It’s deadline day for Gov. Pat Quinn. He has until midnight to decide how to act on legislation to overhaul some of Chicago’s underfunded employee pension systems.

06/09/2014

Gov. Pat Quinn declared a statewide disaster area on Monday, due to the extreme cold, and heavy snow still clogging many roadways. (Credit: CBS)

Quinn Still Won’t Spell Out His Plans For City Pension Reform Legislation

A plan to overhaul some of Chicago’s underfunded employee pension systems could spell a long weekend for Gov. Pat Quinn, who has until Monday to decide what to do with the legislation on his desk.

06/06/2014

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

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 State Capitol

Illinois Senate Rejects House Pension Reform Plan

The Senate’s overwhelming rejection of House Speaker Michael Madigan’s fix for a $97 billion retirement-plan crisis leaves lawmakers heading into their final day in the Capitol on Friday with the state’s most pressing crisis continuing to stare them in the face.

05/30/2013

Illinois State Capitol

Union Analysis: Senate Pension Reform Plan Saves More Than House Plan

A study by the We Are One Illinois coalition shows that if half of employees and retirees choose to forgo post-career health insurance as part of Senate President John Cullerton’s proposal, the state’s debt to two health insurance programs would be cut in half, by $26 billion.

05/30/2013

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

Walter Jacobson

Walter’s Perspective: No Sympathy For Lawmakers’ Special Session

OMG, have you heard about it? Gov. Pat Quinn is calling the General Assembly into special session to work on the pension crisis in Illinois.

07/31/2012

Dan Rutherford

Rutherford: Tough Road Ahead For Quinn’s Pension Plan

Now that the governor has finally unveiled a plan to tackle the state’s pension crisis, one top Republican is predicting a tough road ahead.

CBS Chicago–04/23/2012