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.
Suburban school districts are pushing back hard against a 2005 state law that was meant to rein in Illinois’ skyrocketing pension costs.
Virtually all parts of state government would be forced to cut spending under a budget outline approved by the Illinois House.
In presenting his 2012 budget plan Wednesday, Gov. Pat Quinn said the state’s Medicaid is on the brink of collapse.
Some public university employees have figured out a way to keep their jobs and double their salaries. CBS 2’s Dave Savini has been investigating this lucrative, yet legal, sweetheart deal involving government pensions.
Mayor Rahm Emanuel says Gov. Pat Quinn and Illinois lawmakers should heed the warnings of the Civic Federation, which says the state’s pension debt will grow by leaps and bounds if immediate steps aren’t taken.
A spokeswoman says Gov. Pat Quinn wants to address the problem of skyrocketing Medicaid costs in Illinois, but state legislators are not cooperating.
Illinois House Speaker Michael Madigan says local school districts haven’t been paying into their teachers’ retirement systems, and he thinks it may be high time that they did.
legislative maneuver made nearly three years ago is causing some state employee pension funds to appear less funded than they really are.
The long-term forecast for the Illinois budget looks gloomy, with less state money available and government services facing cuts, Gov. Pat Quinn’s office said Tuesday.
Federal prosecutors are digging for data about convicted former Gov. Rod Blagojevich’s potential pension income in advance of his sentencing on corruption charges, even though Illinois officials plan to block the disgraced Democrat from getting any state retirement pay.
The Illinois House has voted to crack down on public pension abuses.
New proposed legislation aims to close the loopholes that have allowed some Chicago labor union leaders to collect massive public pensions.
They’ve been called the poster children for a system run amok. The Better Government Association has found retired community college teachers bringing in six-figure retirement checks – earning far more state money in retirement than they did on the job.
Some of the most notable — and even some of the most obscure — retired state officials are drawing massive pensions as the Illinois budget is bleeding red ink, a Better Government Association report reveals. CBS 2’s Jim Williams reports.
The union representing many state employees disagrees strongly with Illinois Treasurer Dan Rutherford’s plan to require state workers to contribute more to their pensions.
In a bid to control pension costs, the DuPage County Board has created a special committee to look into solving the problem.
On his first full day as mayor-elect of Chicago, Rahm Emanuel said Wednesday that he would not consider a property tax hike to address the city’s underfunded pension systems.
A number of Wisconsin Democrats are hiding out in Chicago, making a stand against a Republican plan to balance the state budget by cutting the pay, benefits and collective bargaining rights of public workers.