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.
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.
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.
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.
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.
Gov. Pat Quinn says the outline of a pension reform proposal from a bipartisan panel is “positive indeed.”
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.
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.
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.
CBS 2’s Chief Correspondent Jay Levine takes a look at what the 10 member conference committee appointed today hopes to accomplish.
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.
White Sox Owner Jerry Reinsdorf is opposing a plan by MLB owners to eliminate pensions for all non-uniformed personnel, according to a report by ESPN.
State Sen. Bill Cunningham (D-Chicago) said 20 percent of the revenue of the city-owned casino in Chicago should go to the city’s police and fire pension funds.
Governor Pat Quinn has enlisted the creator of popular on-line videos to help explain the state’s pension crisis.
The governor’s web-based social media strategy hasn’t been met with much enthusiasm, CBS 2 Chief Correspondent Jay Levine reports.
Illinois, which already has one of the worst-in-the-nation credit ratings, was lowered even further on Wednesday by the Standard & Poor’s rating agency, citing the state’s failure to address its massive pension problems.
Good, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.
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.
Illinois officials have been emphasizing for months that changes must be made to the state pension system to deal with myriad financial problems, but sometimes, reform is easier said than done.
Now that the governor has finally unveiled a plan to tackle the state’s pension crisis, one top Republican is predicting a tough road ahead.