Pensions

Dan Rutherford

Rutherford: Tough Road Ahead For Quinn’s Pension Plan

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.

CBS Chicago–04/23/2012

Empty Classroom

Big Raises Mean Big Pension Penalties At Suburban Schools

Suburban school districts are pushing back hard against a 2005 state law that was meant to rein in Illinois’ skyrocketing pension costs.

CBS Chicago–04/13/2012

Illinois House Floor

Illinois House Approves Austere Spending Limits

Virtually all parts of state government would be forced to cut spending under a budget outline approved by the Illinois House.

03/29/2012

Gov. Pat Quinn

Quinn On Budget: Medicaid Is On Brink Of Collapse

In presenting his 2012 budget plan Wednesday, Gov. Pat Quinn said the state’s Medicaid is on the brink of collapse.

CBS Chicago–02/22/2012

At least two officials at Northeastern Illinois University are earning more than $190,000 each after retiring from the university, then returning to the same jobs and drawing both a university salary and a state pension, both funded by taxpayers. (Credit: CBS)

Some University Employees Double Dipping For State Paychecks

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.

CBS 2–02/08/2012

Mayor Rahm Emanuel

Emanuel To Quinn: Deal With Pension Debt Now

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.

CBS Chicago–01/31/2012

Gov. Pat Quinn (Credit: CBS)

Spokeswoman: Quinn Wants To Take On Ballooning Medicaid Costs

A spokeswoman says Gov. Pat Quinn wants to address the problem of skyrocketing Medicaid costs in Illinois, but state legislators are not cooperating.

CBS Chicago–01/31/2012

Illinois House Speaker Michael Madigan

Madigan: School Districts Should Start Contributing To Teacher Pensions

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.

CBS Chicago–01/24/2012

Money (CBS)

Legislative Maneuver Making Pension Funds Appear Deficient

legislative maneuver made nearly three years ago is causing some state employee pension funds to appear less funded than they really are.

WBBM Newsradio–01/12/2012

Illinois State Capitol

Governor Makes Gloomy Forecast For Ill. Budget

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.

01/03/2012

Rod Blagojevich

Prosecutors Digging Into Blagojevich’s Finances

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.

11/09/2011

Illinois House Floor

Illinois House OK’s Ban On Pension Double-Dipping

The Illinois House has voted to crack down on public pension abuses.

10/27/2011

Illinois State Capitol

Proposed Legislation Takes Aim At Pension Double Dippers

New proposed legislation aims to close the loopholes that have allowed some Chicago labor union leaders to collect massive public pensions.

CBS Chicago–10/12/2011

Community College

BGA Investigation: Community College Pensions ‘Run Amok’

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.

CBS 2–09/07/2011

U.S. cash (Bertrand Langlois/AFP/Getty Images)

Retired Pols Drawing Six-Figure Pensions

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.

04/28/2011

Dan Rutherford (Photo From Facebook)

Union Objects To Treasurer’s Pension Reform Plan

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.

WBBM Newsradio–04/21/2011

Gavel, Court, Generic Sized Image

DuPage Chairman Seeks To Halt Pension Abuses

In a bid to control pension costs, the DuPage County Board has created a special committee to look into solving the problem.

WBBM Newsradio–04/13/2011

Mayor Elect Rahm Emanuel addresses the press at the Union League Club in Chicago.  (Credit: CBS)

Emanuel: No Property Tax Hike To Fix Budget

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.

CBS Chicago–02/23/2011

Pat Quinn (Left, Frank Polich/Getty Images), Scott Walker (AP Photo)

Quinn Supports Wisconsin Senators Hiding In Illinois

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.

02/18/2011

Rahm Emanuel

City Workers Wonder How Emanuel Got Addresses

Some city workers are wondering whether someone inside City Hall is slipping private information about them to the Rahm Emanuel mayoral campaign.

WBBM Newsradio–02/17/2011

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