Pensions

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

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

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