Pension Reform
Emanuel Vows Full-Court Press On Pension Reform
Faced with an employee pension crisis that could become his biggest challenge, Chicago Mayor Rahm Emanuel said Thursday he is putting his full force behind getting lawmakers in Springfield to achieve an overhaul of the state’s pension systems.
In Video, Kirk Urges Action On Illinois Credit Rating
Sen. Mark Kirk, still recovering from a major stroke, released a video Tuesday that calls for “decisive bipartisan action” to prevent further reductions in Illinois’ credit ratings.
Pension Chaos A ‘Negative’ For Illinois Credit Rating
Illinois edged closer to having its worst-in-the-nation credit rating lowered even further as a rating agency declared Thursday that failure to address massive pension problems is a “credit negative” for the state.
Governor Won’t Launch Pension Reform Push Until Next Month
Gov. Pat Quinn said Tuesday his grassroots campaign on pension reform is going to have to wait a few weeks, despite his feelings of urgency.
Illinois Republicans: Dem Majority Got Labor ‘Payoff’ To Block Pension Reform
Just follow the money, GOP state chairman Pat Brady tells CBS 2 Chief Correspondent Jay Levine.
No High Hopes For Last-Ditch Hearing On Pension Reform
Gov. Pat Quinn made a last-ditch push for state lawmakers in Springfield to pass pension reform, but the effort failed Friday.
Pension Clock Ticking As Lawmakers Convene In Springfield
CBS 2 Chief Correspondent Jay Levine reports on the slim chances Illinois lawmakers will fix the state’s pension mess in an election year.
Quinn Rejects Union Pension Plan, Cross Urges More Special Sessions If No Deal Friday
As he prepared for the special legislative session he called for this Friday in Springfield, Gov. Pat Quinn was shooting down a pension reform proposal being pitched by the state’s labor unions.
State Worker Retirements Surging Amid Pension Reform Talk
With state lawmakers trying to hash out comprehensive pension reform by the end of the year, Illinois state workers are retiring in record numbers to make sure they preserve their existing benefits.
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.
Governor Calls Special Session To Deal With Pension Reform
Gov. Pat Quinn has called for a special session of the Illinois General Assembly next month in an effort to finally reach a consensus on pension reform.
Wisconsin Gov. Walker Appears In Chicago With Advice On Pension Reform
Wisconsin Gov. Scott Walker was in Chicago on Monday, with some advice on pension reform.
Mayor Emanuel Downplays Report He Cussed At Governor
Witnesses describe an expletive-filled phone call to Gov. Pat Quinn over how the governor has dealt with casino gambling and pension reform.
Governor, Legislative Leaders Still Divided On Pension Reform
Gov. Pat Quinn and the state’s four legislative leaders remained split on how to fix the state’s severely underfunded public pension systems, though the governor did signal a shift in philosophy regarding teacher pensions.
State Lawmakers Fail To Pass Pension Reform Before Deadline
Gov. Pat Quinn is promising not to give up the fight for pension reform, after lawmakers failed to get a bill passed before the deadline of midnight Thursday night.
Chances For Pension Reform By Midnight Deadline Appear Slim
The chances of making major reforms to the state’s public pension systems appear to be dead in Springfield, at least for now.
Madigan Drops Effort To Shift Teacher Pension Costs To Local Districts
Prospects for pension reform in Illinois improved measurably late Wednesday night, when House Speaker Mike Madigan dropped his proposal to make public schools and state universities pay retirement costs for their employees, rather than the state.
Downstate Lawmaker Screams, Throws Papers Over Pension Reform Bill
A downstate lawmaker screamed, yelled and threw papers Tuesday, as he expressed frustration about the Democrat-led plan to overhaul the state pension system.
New Pension Reform Bill Clears House Committee
A plan to cut government pensions and shift some retirement costs to schools has cleared its first hurdle in the Illinois Legislature.
Quinn Talks With 8th Graders About Pension Reform
Gov. Pat Quinn on Tuesday took the case for pension and Medicaid reform to an Oak Park middle school.
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Twitter Updates
- Federal jury sides with Donald Trump in Trump Tower condo dispute with 87-year-old woman. cbsloc.al/121Ua5D 3 hours ago
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