Illinois pension reform

Pension Crisis
8:23 am
Fri May 17, 2013

IL Colleges to Pay for Employees' Pensions

Although they're facing budget cuts, universities and community colleges have said they're willing to begin taking on employees' pension costs.

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Senate-Backed Bill Approved
9:30 pm
Thu May 9, 2013

Pension Reform Moves Ahead in Illinois

The Illinois Senate has approved an overhaul of the state's pension systems.  

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Backs Senate Version over House Plan
3:50 pm
Wed May 8, 2013

Sen. Sullivan on Pension Reform Bills

State Senator John Sullivan
Credit Rich Egger

A state lawmaker from Western Illinois says the Senate version of pension reform can make it through both chambers of the general assembly.

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Drastic Changes
5:35 pm
Thu May 2, 2013

Pension Overhaul Passes Illinois House

Illinois House Speaker Michael Madigan

The Illinois House of Representatives has approved a massive overhaul of state pensions.

It's the first time the House has passed such a plan after more than a year of negotiating and many failed attempts.

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House Vote Forthcoming
11:57 am
Wed May 1, 2013

Pension Plan Advancing in Illinois

Illinois House Speaker Michael Madigan

The Illinois House is poised to vote Thursday, May 2, on an overhaul of the state's pension systems.  It would reduce state workers', teachers', and university employees' future retirement benefits.

The plan easily advanced out of a House committee Wednesday, and there is a feeling in the capitol that after countless attempts to reduce the state's pension debt, this might be the plan that does the trick.

Insiders say it's significant that the plan is sponsored by House Speaker Michael Madigan (D-Chicago), who rarely takes action without having support locked up. 

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