Teachers Retirement System
Citizen advocates have called for changes in a state law allowing local school boards to use big pay raises to boost the pensions of retiring teachers.
Illinois’ public employee pension funds are in trouble. The state’s largest retirement account is financially strapped, and many say it cannot go on unless big changes are made.
Illinois public school teachers and retirees could have reason to worry about the kinds of pension checks they will be getting down the line.
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.
An attorney for an Illinois powerbroker on trial in the last case directly linked to a federal investigation of Rod Blagojevich sought in his opening statement Thursday to distance his client from the disgraced former governor.
Jury selection has begun in the trial of Springfield businessman and powerful political insider William Cellini, on charges that he shook down a Hollywood producer for campaign contributions.