Officials in Chicago Ridge want to revisit a deal they made with their former police chief over his disability pay.
The state could be another $1 billion or so in the hole before the Illinois General Assembly does anything. CBS 2 Chief Correspondent Jay Levine reports.
Mayor Rahm Emanuel went to Springfield on Tuesday to speak to state lawmakers about the need for pension reform at the city and state levels.
The Better Government Association is denouncing the latest examples of alleged government pension manipulation, uncovered by a Chicago Tribune investigation.
Gov. Pat Quinn announced a pension plan Friday that he says will fix the state’s overtaxed and underfunded public pension system.
A new voice and a new website were added Monday to the effort to avert what appears to be the potential collapse of Illinois public employee pension funds. CBS 2 Chief Correspondent Jay Levine reports.
He could be the king of double-dipping in Chicago. The Better Government Association says what’s happening with Chicago State University President Wayne Watson proves the public pension system is broken.
Gov. Pat Quinn has signed into law pension reforms aimed at fixing some loopholes in the system.
The New Year is a good time to think about new ways you and your family can “Survive This Economy.” Marcus Wright has one very important New Year’s resolution. He’s increasing his contribution to this 401(k) plan.
A day after he was sentenced to 14 years in prison, disgraced former Gov. Rod Blagojevich got more bad news when Illinois Attorney General Lisa Madigan issued a legal opinion that he shouldn’t collect his state pension.
On Dec. 10, deposed Gov. Blagojevich will turn 55, and that means he can start collecting his state pension.
There are renewed calls for changes in the way government pensions are funded in Illinois, following a report on the kind of pensions Mayor Richard M. Daley is in line for.
WBBM Newsradio 780 has learned Mayor Daley will be receiving government pensions totaling nearly $200,000 a year.
Don Dillard is 93 years old. He played parts of six seasons in Major League Baseball with the Indians and Braves. Yesterday he got some good news, he will receive an annual payment of up to $10,000 for his time in baseball
The city’s Budget director is taking issue with an Inspector General’s report accusing the Daley Administration of overstating how much it is saving through employees’ unpaid furlough days.
Illinois Attorney General Lisa Madigan filed a lawsuit Monday morning to stop former Chicago Police Cmdr. Jon Burge from collecting a pension.
Rev. Jesse Jackson said Saturday that he plans to file a lawsuit seeking to strip former Chicago Police Lt. Jon Burge of his pension.
Chicago Police Supt. Jody Weis says he’s embarrassed by the police pension Board decision to allow former Cmdr. Jon Burge keep his pension.
Disgraced former Police Lt. Jon Burge will get to keep is nearly $3,100 a month pension, a sharply divided panel decided on Thursday.
Mayor Richard Daley is speaking out against legislation he says could hit Chicago homeowners and businesses hard, while trying to shore up employee pension funds.