Public Pensions
Pension Chaos A ‘Negative’ For Illinois Credit Rating
Illinois edged closer to having its worst-in-the-nation credit rating lowered even further as a rating agency declared Thursday that failure to address massive pension problems is a “credit negative” for the state.
Illinois Democrats, Republicans Look To Impact Walker Recall Election In Wisconsin
A local political expert says the fight in Wisconsin over whether to recall Gov. Scott Walker is an unfortunate event for both sides in the political battle.
Madigan Drops Effort To Shift Teacher Pension Costs To Local Districts
Prospects for pension reform in Illinois improved measurably late Wednesday night, when House Speaker Mike Madigan dropped his proposal to make public schools and state universities pay retirement costs for their employees, rather than the state.
Senate Dems’ Budget Plan Advances In Springfield
It’s unlikely to be the final budget, but the Senate Democratic budget proposal is moving through the legislature.
Quinn Urges Business Leaders To Help Push For Medicaid, Pension Reforms
Gov. Pat Quinn is enlisting the support of Chicago’s business community to sell his Medicaid and pension reform plans to state lawmakers before the Legislature adjourns at the end of this month.
Emanuel Gathers 30 Illinois Mayors To Discuss Pension Reform
Mayor Rahm Emanuel rounded up mayors from 30 other cities in Illinois on Thursday to build support for pension changes they say are needed to keep Illinois municipalities out of bankruptcy.
Mayor Emanuel Pushes Pension Reform In Springfield
Mayor Rahm Emanuel went to Springfield on Tuesday to speak to state lawmakers about the need for pension reform at the city and state levels.
Emanuel, Quinn Call For Major Pension Reform
At a forum hosted by the Chicago Tribune on Wednesday, Mayor Rahm Emanuel and Gov. Pat Quinn agreed the ticking time bomb of underfunded public employee pensions is threatening to explode – or implode, as the governor put it.
City Pension Crisis Called ‘Ticking Time Bomb’
Yet another warning has been issued about Chicago’s looming public pension crisis.
Most Popular News
- Teen Hurt In Little Village ShootingA 14-year-old boy was shot in the arm Saturday afternoon in the Southwest Side Little Village neighborhood.86
- Man Charged With Videotaping Women In Hospital WashroomA poorly secured cell phone in a west suburban hospital washroom that a man had allegedly set up to secretly videotape women in the toilet area was discovered by a woman when the phone fell to the washroom floor on Friday. She alerted police, who then arrested and charged a 49-year-old Franklin Park man with unlawful videotaping.156
- Young Man Shot Outside Old Orchard Shopping CenterA young man was wounded in a shooting in north suburban Skokie Friday night, outside the Old Orchard Shopping Center.227
- 3 Dead, 8 Shot In Citywide ViolenceThree men were killed and at least eight other people were wounded in violence around the city since Friday night.167
- Orange Line Service Resumes After Train-Pedestrian IncidentCTA commuters were temporarily stymied on the Orange Line during the Friday rush hour after a train fatally struck a man on the tracks.401
- Illinois Senate Passes Medical Marijuana LegislationIllinois Gov. Pat Quinn must decide if he will sign a measure allowing the use of marijuana for medical purposes after the state Senate approved legislation on Friday.1238
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