Illinois pension reform

Illinois Legislature
4:02 pm
Fri May 2, 2014

Motion Filed To Put Pension Law On Hold

Originally published on Fri May 2, 2014 4:54 pm

A court is being asked to prevent any aspect of Illinois' pension overhaul from taking effect, until it's decided whether the law is constitutional. A motion was filed Friday in Sangamon County Court.

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TSPR Local
8:56 am
Thu March 27, 2014

Pension Savings Estimate Lowered — But Is It A Big Deal?

Originally published on Thu March 27, 2014 5:03 am

A new report (PDF) says Illinois' pension overhaul will save less money than advertised. Some politicians are trying to make hay out of that. But it might not be such a big deal.

The pension vote came with promises of big savings — $160 billion. Then, after it was already law, a new analysis of the bill said, well, maybe we'll save $145 billion.

This latest report puts savings even lower, at $137 billion.

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Crunching Numbers
12:59 pm
Mon March 10, 2014

Bad Reputation for Illinois is Costly to Taxpayers

Credit Rich Egger

Illinois already has the worst credit rating among states.  While that adds to the cost of borrowing money, Illinois winds up paying even more because investors view it as risky of default.

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Lawsuit Filed by Labor Unions
1:01 pm
Tue January 28, 2014

Court Challenge to Illinois Pension Reform

Illinois labor unions have filed a lawsuit seeking a new plan to reduce the state's $100 billion pension shortfall declared unconstitutional.

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Years of Overspending
8:33 am
Tue January 21, 2014

Pension Reform Won’t Help Illinois Budget

Illinois will see its budget deficit grow despite the recently-passed pension law.

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Don’t Expect Pension Savings
2:01 pm
Wed January 8, 2014

Another Tough Budget for Illinois

The Illinois Capitol building
Credit Brian Mackey

Money will likely be tight for politicians crafting Illinois’ next budget, despite a pension law that's supposed to save $160 billion.

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Legal Challenges from Retirees
2:31 pm
Thu January 2, 2014

More Lawsuits Over Illinois Pension Plan

Two more groups of retired Illinois state employees have filed lawsuits challenging a new plan to eliminate the state's $100 billion public pension shortfall.

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Governor Signs Bill
7:45 pm
Thu December 5, 2013

Illinois Pension Reform Now the Law

Governor Pat Quinn

It took just a little more than a week for a pension overhaul in Illinois to go from an agreement between legislative leaders to law.

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Governor Will Sign the Bill
9:08 pm
Tue December 3, 2013

Illinois Legislature Passes Pension Reform

The Illinois Capitol
Credit Brian Mackey

The Illinois General Assembly has approved sweeping changes to pensions for state employees and Governor Pat Quinn said he will sign the legislation.

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Special Panel Done
6:01 pm
Mon November 11, 2013

Legislative Leaders Now Handling Pension Reform

Credit Rich Egger

The four leaders of Illinois' General Assembly have crafted a new plan for changing the state's retirement systems.

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