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.
They retire as Chicago police officers and get rehired by the city, doubling up on two taxpayer subsidized paychecks.
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.
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.
Gov. Bruce Rauner has proposed sweeping state budget cuts that have angered local officials.
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.
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.
CPS retirees hit the line early Saturday morning to pick up their pension checks.
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.