Illinois pension reform

The Illinois Supreme Court says the free health insurance enjoyed by state retirees is protected by the Illinois Constitution.

  It could be December before a judge decides on the legality of Illinois' pension overhaul law for at least another five months. Attorneys met Thursday in Sangamon County Court and agreed on a timeline for the case.

Current and retired state employees, teachers and university workers are suing Gov. Pat Quinn over the pension overhaul passed by the General Assembly late last year.

The General Assembly finished its legislative session shortly after midnight Saturday, approving a billion-dollar road construction program.

Democrats started the session with an ambitious agenda: raise the minimum wage, boost college assistance for low-income students, maybe even change Illinois' flat tax into a graduated one. In the end, none of that happened.

Western Illinois University

Illinois’ pension reform has pushed hundreds of state employees into early retirement. It’s also canceling an annual celebration in Macomb.

401(K)2012 / Flickr Creative Commons

The implementation of Illinois’ pension reform has been delayed by an injunction issued by a Sangamon County Judge.

A judge has blocked the Illinois pension overhaul from taking effect next month.

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.

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.

Bad Reputation for Illinois is Costly to Taxpayers

Mar 10, 2014
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.

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

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

Brian Mackey

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

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.

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.

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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