CBS 2 Chicago wbbm7801059 670 The Score
New!  CBS Chicago Weather iPhone App: Daily Forecasts, Weather Alerts & Radar Maps!  Free Download »

Retirement Benefits

Illinois House Floor

House Passes Pared-Down Pension Reform Plan

Illinois lawmakers from both parties celebrated a possible breakthrough Thursday in their struggle to solve the multibillion-dollar pension crisis after voting to reduce and delay cost-of-living increases in state employees’ retirement pay — a step the House Republican leader heralded as “the meat and potatoes of pension reform.”

03/21/2013

Gov. Pat Quinn (Credit: CBS)

Gov. Quinn Signs Law To End Pension ‘Double-Dipping’

Gov. Pat Quinn has signed into law pension reforms aimed at fixing some loopholes in the system.

01/05/2012

State Senate President John Cullerton

Cullerton: Time To Tax Retirement Benefits

People might think their retirement benefits are safe from taxes, but that may not be the case for long.

CBS Chicago–03/08/2011