2 Investigators: Pensioners Fight Back When Fund Demands Overpayments Be ReturnedMore than 500 retirees were overpaid more than $5 million over 40 years because of mistakes admitted by the Sheet Metal Workers Local 73 pension fund. CBS 2's Pam Zekman has this follow-up report.
CPS CEO Claypool Insists Chicago Not Asking For Special Deal In Plan To Shore Up Teacher Pension Funds The head of the Chicago Public Schools says he can’t understand how Governor Bruce Rauner could oppose the plan Illinois Senate Democrats passed that would help shore up the system’s teacher pension funds.
City Treasurer Kurt Summers Expects Springfield To Act On PensionsOne of the key players in any Chicago pension reforms says he expects some significant moves from Springfield in the coming weeks, regardless of how the State Supreme Court rules on the existing pension deals, reports WBBM Political Editor Craig Dellimore.
High Court Ruling Leaves Pension-Reform Bill In JeopardyPublic-employee unions applauded the high court decision. Lawmakers and pension experts -- not so much. CBS 2 Chief Correspondent Jay Levine reports.
Illinois Supreme Court Rules Burge Can Keep His PensionIn 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.
Ill. Senate Approves Cook County Pension ChangesIllinois lawmakers have quickly advanced a plan to overhaul Cook County's pension system by increasing county payments and reducing some benefits for employees.
Drew Peterson Might Lose $79,000 Police PensionOfficials 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.
More Lawsuits Filed Challenging State Pension CutsThe 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.
What Does State Reform Mean For Chicago’s Pensions?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.
2 Investigators: Pension Fund Demands Overpayments Back, With InterestImagine 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.
Quinn Dares Lawmakers To Override Veto Denying Their PayThe Governor said there was no reason for lawmakers to go to court to reverse him. They could do it themselves.
Quinn Warns Lawmakers There Will Be Consequences For Pension FailureGovernor Pat Quinn is making vague threats to lawmakers ahead of Tuesday's deadline for pension reforms, reports WBBM's Nancy Harty.