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.
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.
Governor Pat Quinn has enlisted the creator of popular on-line videos to help explain the state’s pension crisis.
The governor’s web-based social media strategy hasn’t been met with much enthusiasm, CBS 2 Chief Correspondent Jay Levine reports.
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.
Good, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.
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.
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.