Illinois pension system

Vote to Protect Pensions
11:00 pm
Mon January 7, 2013

Pinnacle Employees Authorize Strike

Employees of a Fort Madison industry say they are taking a stand to protect their futures.

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Clock Ticking on 2012 General Assembly
6:11 pm
Mon January 7, 2013

Illinois House Adjourns Without Vote on Pension Plan

The Illinois Capitol Building

Over the protests of state employee unions, an Illinois House committee gave bipartisan support to a plan intended to repair Illinois' underfunded pensions.  But the full House adjourned Monday without taking a vote.

The legislation would leave workers paying more for a smaller retirement benefit.  House Republican leader Tom Cross said the change is necessary given the condition of Illinois' pension systems.

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Closing a Huge Gap
5:47 pm
Wed December 19, 2012

State Workers Propose Illinois Pension Plan

Credit Rich Egger

State employee unions say the leading proposals to fix Illinois' public employee pension systems are all fatally flawed, so they proposed their own plan.

Workers point out any attempt to plug the $96 billion funding shortfall must respect the state Constitution, which says benefits "shall not be diminished."

The proposals backed by Governor Pat Quinn and other political leaders attempt to get around that in order to cut retirement benefits. But AFSCME Legislative Director Joanna Webb-Gauvin said those ideas will ultimately fail in the courts.

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The Governor’s Plan
6:30 pm
Mon November 19, 2012

A Cartoon Snake and Illinois Pensions

Credit Capitol Fax

Illinois Governor Pat Quinn has finally unveiled his Internet campaign that is supposed to spur legislators to overhaul the state’s retirement systems. 

Quinn is trying to use social media to educate voters about the "squeeze" pension costs are putting on other state spending, such as education.

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Bill Knight – October 25
11:01 am
Wed October 24, 2012

Constitutional Amendment Won’t Fix Pension System

Bill Knight

Most Illinois voters might be surprised by their ballot when they vote next month – but they’ll be shocked by the consequences if it passes. Proposed Constitutional Amendment 49 “adding Sec. 5.1 to Article XIII,” claims to address the state’s pension obligations.

First, given the shortfall of more than $80 billion in Illinois’ five pension plans, voters should ask how a new Sec. 5.1 would deal with the money the state owes those pensions. It does nothing.

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