2 Investigators: Pension Fund Demands Overpayments Back, With InterestImagine being retired and told you owe tens of thousands of dollars in pension overpayments, plus interest, even though you did nothing wrong. CBS 2's Pam Zekman reports.
Quinn Dares Lawmakers To Override Veto Denying Their PayThe Governor said there was no reason for lawmakers to go to court to reverse him. They could do it themselves.
Quinn Warns Lawmakers There Will Be Consequences For Pension FailureGovernor Pat Quinn is making vague threats to lawmakers ahead of Tuesday's deadline for pension reforms, reports WBBM's Nancy Harty.
Expert: Cullerton, Madigan Can't Afford To Back Down In Pension CrisisIt's a big week in Springfield, with lawmakers preparing for a special session on pension reform this Wednesday. It's likely to be a tense day, with two of the state's most powerful legislators trying to protect their reputations, reports WBBM's John Waelti.
Illinois Senate Rejects House Pension Reform PlanThe Senate's overwhelming rejection of House Speaker Michael Madigan's fix for a $97 billion retirement-plan crisis leaves lawmakers heading into their final day in the Capitol on Friday with the state's most pressing crisis continuing to stare them in the face.
Illinois Lawmakers Head Into Final Stretch With Many Issues UnresolvedIllinois lawmakers moved forward Monday on a historic expansion of Medicaid and adding more protections for pet owners, but heavy lifting on the state's most pressing issues -- pensions, a budget, expanded gambling, gay marriage and gun control -- remained with the clock ticking toward a Friday deadline.
Senate Approves Union-Backed Pension ReformThe Illinois Senate voted Thursday to send a union-supported pension reform bill to the House, leaving lawmakers with two competing proposals for dealing with the nation's worst state pension problem just weeks before the Legislature is scheduled to adjourn.
Conservative Watch Dog: Pensions Could Bankrupt Illinois By 2015A conservative watch dog group is warning of dark days ahead for the entire state unless Illinois mends it's financial ways, and soon
2 Investigators: State Police Retirees Draw Six-Figure PensionsRetire at 50 and collect more than $100,000 a year – that’s the plan for a special group of state workers. CBS 2's Pam Zekman reports.
Topinka: Pension Bill Has Promise It's being hailed as one of the most workable solutions to the state's $95 billion dollar pension mess, and it could get a vote this week.
Rutherford: Credit Downgrade Could Cost State $95 MillionStandard and Poor's decision to lower Illinois’ credit from A to A- comes just days ahead of plans to issue $500 million in bonds.
Quinn Meets With Legislative Leaders Over Pension Reform, But No DealSaturday, Governor Pat Quinn and all four legislative leaders met behind closed doors to try and finally hammer out a pension reform deal.
Bill Daley Considering Run For Illinois GovernorFormer White House chief of staff Bill Daley says he's "seriously" thinking about running for Illinois governor.
City Failing To Address Exploding Pension Problem, Watchdog SaysThe head of a government watchdog group says Chicago aldermen and others aren't doing enough to help end the city's growing pension crisis.
Report: Chicago Ridge Officials Question Ex-Police Chief's Disability PayOfficials in Chicago Ridge want to revisit a deal they made with their former police chief over his disability pay.