Pensions

Mayor Rahm Emanuel

With Payment To Teachers’ Pension Fund Looming, Emanuel Calls On Springfield To Help

With a major payment deadline just over a week away, Mayor Rahm Emanuel says Springfield has to help Chicago work out its public school budget problems, reports WBBM’s Steve Miller.

06/22/2015

(Credit: Thinkstock)

Critics Want Law Changed To Reduce Pension Boosts For Retiring Teachers

Citizen advocates have called for changes in a state law allowing local school boards to use big pay raises to boost the pensions of retiring teachers.

05/27/2015

Better Government Association logo. (Credit: BGA)

2 Investigators, BGA: Pension-Collecting Cops Rehired By City One Day After Retirement

They retire as Chicago police officers and get rehired by the city, doubling up on two taxpayer subsidized paychecks.

05/12/2015

Mayor Rahm Emanuel. (Credit: CBS)

Emanuel: Dual Taxation For Pensions ‘Wrong’

The Chicago Teachers Union is incensed over the city’s demand that teachers accept a seven percent pay cut, but Mayor Rahm Emanuel today emphasized he’s fighting a two front battle: not just over a teachers contract, but also over pension relief from Springfield.

05/06/2015

Mayor Rahm Emanuel (CBS)

Mayor Emanuel Reveals Plans For Tackling City’s Debt

With the city’s bond rating just a couple levels above junk status, Mayor Emanuel told the Civic Federation he is ending or phasing out some of the city’s more questionable borrowing practices.

04/29/2015

Gov. Bruce Rauner (CBS)

Illinois Gov. Rauner: Bankruptcy Should Be Option For Broke Cities

Gov. Bruce Rauner has proposed sweeping state budget cuts that have angered local officials.

04/13/2015

Money

Conservative Watchdog Group Says 14 Lake County Retirees Collecting $200K+ Pensions

Taxpayers United says over 14 Lake County retirees are collecting pensions over $200,000 as the tax watch it continues combing through Illinois county retirement records for potential tax savings, reports WBBM’s John Cody.

03/04/2015

Better Government Association logo. (Credit: BGA)

2 Investigators, BGA: ‘Prince Of Pensions’ On Rauner Transition Team

Bruce Rauner campaigned on the promise of government reform and fixing Illinois’ pension system, but CBS 2 and the BGA found that Rauner appointed Glenn Poshard, a 1998 candidate for governor, to his transition team, even though Poshard’s government pensions are among the highest in Illinois.

11/18/2014

A CPS retiree picks up his pension check after a delay. (Credit: CBS)

CPS Retirees Pick Up Pension Checks After Delay

CPS retirees hit the line early Saturday morning to pick up their pension checks.

08/02/2014

Chicago Teachers Union president Karen Lewis speaks about education reform at a City Club of Chicago luncheon. (Credit: CBS)

CTU Head Karen Lewis Calls For Tax On Stock, Futures Transactions To Pay Pensions

The head of the Chicago Teachers Union is touting a tax on stock trades and other transactions to help close a pension gap without cutting benefits for retired teachers.

05/05/2014

Mayor Emanuel talks education, pensions and other topics. (Credit: Craig Dellimore)

Emanuel Makes Changes To Pension Bill

Mayor Rahm Emanuel says he’s working hard to get state lawmakers to approve the pension deal that seems to have stalled in Springfield last week.

04/07/2014

Illinois State Capitol

Budget Watchdog Has Plan To Fix State Finances

More than three weeks ahead of the governor’s budget address, a government watchdog group has issued its own plan for bringing state finances back to good health.

03/03/2014

City Hall

Chicago Labor Unions Form Coalition To Protect Pensions

Chicago Labor Unions just announced a new coalition, We Are One Chicago, designed to defend the pensions of city employees and retirees, reports WBBM’s Kimberly Easton.

02/17/2014

Gov. Pat Quinn (Photo by Streeter Lecka/Getty Images)

Quinn: No Tax Break For ADM Until Pension Deal

Gov. Pat Quinn said he will veto any legislation with special tax incentives to get Archer Daniels Midland Company to keep its global headquarters in Illinois until legislators approve a fix for the state’s nearly $100 billion pension crisis.

10/04/2013

Gov. Pat Quinn (Credit: CBS)

Quinn Says Pension Panel’s Framework Is ‘Positive’

Gov. Pat Quinn says the outline of a pension reform proposal from a bipartisan panel is “positive indeed.”

08/25/2013

Gov. Pat Quinn (Photo by Streeter Lecka/Getty Images)

Quinn Bars Benefits To Ex-Transit Board Members

Illinois Gov. Pat Quinn has signed legislation that prevents transit board members from receiving taxpayer-funded health care and pension benefits after they leave the boards.

07/23/2013

Former White House Chief of Staff William Daley arrives for the presidential inauguration on the West Front of the U.S. Capitol January 21, 2013 in Washington, DC. (Photo credit: WIN MCNAMEE/AFP/Getty Images)

Bill Daley Calls For Campaign Donation Ban During Legislative Sessions

A Democratic hopeful in the governor’s race says money is the root of a lot of evil, at least in the eyes of the electorate, reports WBBM’s John Cody.

07/01/2013

(CBS File Photo)

Fired As Chicago Cops — And Collecting City Pensions

Thirty-two Chicago police officers who were fired from the department or who quit while facing firing since 2004 have been collecting city pension that cost more than $1.2 million a year.

06/24/2013

Illinois State Capitol

Ill. Legislature Agrees To Form Committee To Solve Pension Crisis

CBS 2’s Chief Correspondent Jay Levine takes a look at what the 10 member conference committee appointed today hopes to accomplish.

06/19/2013

Quinn To Meet With Madigan, Cullerton On Monday

Governor Quinn has finally connected with House Speaker Mike Madigan to discuss pensions…and WBBM’s Bob Roberts reports that he’s hoping for more progress next week.

06/08/2013

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