Pensions

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

Jerry Reinsdorf

Report: Reinsdorf Opposes Plan To Eliminate Pensions

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.

03/19/2013

File photo of a slot machine. (CBS)

State Sen. Wants Casino Revenue To Go To Police, Fire Pensions

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.

02/18/2013

Salman Kahn explains Illinois' pension mess. (Credit: thisismyillinois.com)

Khan Academy Founder Explains Illinois Pension Crisis

Governor Pat Quinn has enlisted the creator of popular on-line videos to help explain the state’s pension crisis.

11/28/2012

An actor recoils at the  horror of the state "pension squeeze" embodied by the character Squeezy the Python. (ThisismyIllinois.com)

Gov. Quinn’s Pension Monster, ‘Squeezy The Python,’ Derided As Lame

The governor’s web-based social media strategy hasn’t been met with much enthusiasm, CBS 2 Chief Correspondent Jay Levine reports.

11/19/2012

U.S.currency. (credit: BAY ISMOYO/AFP/Getty Images)

Illinois’ Poor Credit Rating Lowered Again

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.

08/29/2012

A doctor wears a stethoscope during an examination (Photo by Joe Raedle/Getty Images)

Opinion: A Doctor’s Opinion Of Obamacare

Good, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.

07/09/2012

Illinois House Of Representatives

State Lawmakers Fail To Pass Pension Reform Before Deadline

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.

CBS Chicago–06/01/2012

Illinois State Capitol

State Senate Panel Shoots Down Bill Aimed At Pension Reform

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.

CBS Chicago–05/03/2012

more