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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.In a new report,…
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Two more groups of retired Illinois state employees have filed lawsuits challenging a new plan to eliminate the state's $100 billion public pension…
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The Illinois General Assembly has approved sweeping changes to pensions for state employees and Governor Pat Quinn said he will sign the…
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Pension foes have shifted public attention to accounting so retiree benefits might be shifted to protect or expand corporate subsidies, like the $24…
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State Representative Elaine Nekritz (D-Northbrook) is careful these days when she talks about the status of pension deliberations.She’s especially careful…
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News about Illinois' economy is typically bleak, but at least one outside observer is seeing modest improvement.Moody's Analytics is changing Illinois'…
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A bi-partisan panel of ten Illinois lawmakers has been working this summer to find a solution to the state’s pension problem.The system has an unfunded…
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Members of a bipartisan legislative committee in Illinois remain optimistic they'll eventually agree on how to address the state’s $100 billion pension…
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The authors of a new study say a proposal to fix Illinois' nearly $100 billion pension shortfall would undermine the retirement security of government…
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Illinois Attorney General Lisa Madigan said ahead of the special assembly called by the Governor, pension reform is needed.Madigan says that no matter…