Illinois pension system

says plan is needed "sooner rather than later."
2:46 pm
Mon June 10, 2013

AG Madigan on Pensions

Illinois Attorney General Lisa Madigan

Illinois Attorney General Lisa Madigan said ahead of the special assembly called by the Governor, pension reform is needed.

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Pension Issue Needs Resolution
5:56 pm
Thu June 6, 2013

Special Session for Illinois Legislature

The Illinois Capitol Building

Illinois lawmakers will be back in Springfield on June 19 after Governor Pat Quinn announced a special session of the state legislature Thursday.

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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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Emphasis – March 22
10:54 am
Fri March 22, 2013

Tax & Pension Policies in Illinois

Ralph Martire
Credit Rich Egger

Rich Egger’s guest on Emphasis is Ralph Martire, executive director of the Center for Tax and Budget Accountability. He was in Macomb to give a presentation at Western Illinois University.

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Bill Knight – March 21
11:04 am
Wed March 20, 2013

Proposals and Polls about Pension Reform

Bill Knight

Most Illinois House members recently backed a measure to limit the salary on which public employees’ retirement benefits could be based. One of a few proposals to address the state’s $96 billion pension shortfall, it was seen as a test vote as lawmakers grapple with some way to make good on years of the legislature failing to make its payments.

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