Emanuel's Plan To Fund Pensions: Amending The State ConstitutionChicago needs 276 million for police and fire pensions. And in 2022, another 310 million for municipal pensions.
Chicago's Mayor Unveils His Eighth And Final BudgetBut Emanuel is also abandoning the 10 billion dollar pension borrowing he promised. That means the next mayor inherits a billion dollar worker pension bill with no plan to pay for it.
Gov. Rauner Vetoes Bill To Overhaul Chicago Employee Pension ProgramThe bill would have required municipal workers and laborers to contribute more to their retirement and allow them to retire at age 65.
Mayor Emanuel Doubts Governor Rauner's CPS Pension Relief ProposalMayor Emanuel is expressing doubts about Governor Rauner’s latest proposal for pension relief for the Chicago Public Schools.
Opinion: Illinois Sinks Into The Abyss, Politicians Abandon Ship And The State’s Most Vulnerable DrownIllinois’s entire social services landscape is sinking, pulled under by the weight of the state’s budget quarrel. Thousands are suffering.
2 Investigators: How The CPS Pensions Turned Into A Budget MessCBS 2 Investigator Pam Zekman traced the origin of those pensions back to mistakes in negotiations decades ago in this Original Report.
Illinois Supreme Court Hears Arguments In Chicago Pension CaseThe Illinois Supreme Court has heard arguments in the Emanuel administration’s attempt to save its pension deal with some city employee unions, reports WBBM Political Editor Craig Dellimore.
Mayor Emanuel Refuses To Discuss Alternatives If State Supreme Court Shoots Down City Pension DealMayor Rahm Emanuel is refusing to discuss alternate plans if the city’s pension agreement continues to be shot down by the courts, reports WBBM Political Editor Craig Dellimore.
With Payment To Teachers' Pension Fund Looming, Emanuel Calls On Springfield To Help With a major payment deadline just over a week away, Mayor Rahm Emanuel says Springfield has to help Chicago work out its public school budget problems, reports WBBM’s Steve Miller.
Critics Want Law Changed To Reduce Pension Boosts For Retiring TeachersCitizen 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.
2 Investigators, BGA: Pension-Collecting Cops Rehired By City One Day After Retirement They retire as Chicago police officers and get rehired by the city, doubling up on two taxpayer subsidized paychecks.
Emanuel: Dual Taxation For Pensions 'Wrong'The Chicago Teachers Union is incensed over the city's demand that teachers accept a seven percent pay cut, but Mayor Rahm Emanuel today emphasized he's fighting a two front battle: not just over a teachers contract, but also over pension relief from Springfield.
Mayor Emanuel Reveals Plans For Tackling City's DebtWith the city’s bond rating just a couple levels above junk status, Mayor Emanuel told the Civic Federation he is ending or phasing out some of the city’s more questionable borrowing practices.
Illinois Gov. Rauner: Bankruptcy Should Be Option For Broke CitiesGov. Bruce Rauner has proposed sweeping state budget cuts that have angered local officials.
Conservative Watchdog Group Says 14 Lake County Retirees Collecting $200K+ PensionsTaxpayers United says over 14 Lake County retirees are collecting pensions over $200,000 as the tax watch it continues combing through Illinois county retirement records for potential tax savings, reports WBBM’s John Cody.