Illinois pension system

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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Warning About Accounting Practices
2:59 pm
Sat January 4, 2014

Illinois Pension Projections Too Optimistic

Credit Rich Egger

At the big state pension systems in Illinois, the outside actuary is supposed to be a watchdog over what the in-house actuaries are doing.

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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 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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Bill Knight – October 31
6:12 pm
Wed October 30, 2013

Public Pensions & Corporate Subsidies

Bill Knight

Pension foes have shifted public attention to accounting so retiree benefits might be shifted to protect or expand corporate subsidies, like the $24 million that Archer Daniels Midland demands from the state of Illinois, according to a new report. It says the anti-pension campaign blames state or local budget problems exclusively on public pensions – pensions that were underfunded by legislatures for years so the money could be spent elsewhere, such as on corporate subsidies or politically popular tax cuts.

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