Public-employee unions applauded the high court decision. Lawmakers and pension experts — not so much. CBS 2 Chief Correspondent Jay Levine reports.
In a 4-3 vote, the Illinois Supreme Court on Thursday ruled former Chicago Police Cmdr. Jon Burge can keep his pension, despite his conviction for lying about the torture of criminal suspects.
Illinois lawmakers have quickly advanced a plan to overhaul Cook County’s pension system by increasing county payments and reducing some benefits for employees.
Officials in southwest suburban Bolingbrook could begin an effort to strip former cop Drew Peterson of his pension, following his conviction for killing his third wife, Kathleen Savio.
The Illinois State Employees Association Retirees and the Retired State Employees Association filed separate class-action lawsuits in Sangamon County Circuit Court on behalf of their members.
Now that state lawmakers have taken the tough step of passing state pension reform, what does it mean for Chicago? CBS 2′s Dana Kozlov explains.
Imagine being retired and told you owe tens of thousands of dollars in pension overpayments, plus interest, even though you did nothing wrong. CBS 2′s Pam Zekman reports.
The Governor said there was no reason for lawmakers to go to court to reverse him. They could do it themselves.
Governor Pat Quinn is making vague threats to lawmakers ahead of Tuesday’s deadline for pension reforms, reports WBBM’s Nancy Harty.
It’s a big week in Springfield, with lawmakers preparing for a special session on pension reform this Wednesday. It’s likely to be a tense day, with two of the state’s most powerful legislators trying to protect their reputations, reports WBBM’s John Waelti.
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.
Illinois lawmakers moved forward Monday on a historic expansion of Medicaid and adding more protections for pet owners, but heavy lifting on the state’s most pressing issues — pensions, a budget, expanded gambling, gay marriage and gun control — remained with the clock ticking toward a Friday deadline.
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 problem just weeks before the Legislature is scheduled to adjourn.
A conservative watch dog group is warning of dark days ahead for the entire state unless Illinois mends it’s financial ways, and soon
Retire at 50 and collect more than $100,000 a year – that’s the plan for a special group of state workers. CBS 2′s Pam Zekman reports.
It’s being hailed as one of the most workable solutions to the state’s $95 billion dollar pension mess, and it could get a vote this week.
Standard and Poor’s decision to lower Illinois’ credit from A to A- comes just days ahead of plans to issue $500 million in bonds.
Saturday, Governor Pat Quinn and all four legislative leaders met behind closed doors to try and finally hammer out a pension reform deal.
Former White House chief of staff Bill Daley says he’s “seriously” thinking about running for Illinois governor.
The head of a government watchdog group says Chicago aldermen and others aren’t doing enough to help end the city’s growing pension crisis.