Illinois pension system

Retail Hours Reduced
10:25 pm
Tue October 16, 2012

Rural Post Office Cuts

The U.S. Postal Service is cutting the hours of operation at rural post offices.

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Illinois House Speaker
3:59 pm
Thu September 6, 2012

Michael Madigan on Illinois GOP & Pension System

Michael Madigan speaking at the Democratic National Convention
Amanda Vinicky
  • Amanda Vinicky's interview with Illinois House Speaker Michael Madigan

Illinois Republicans had a theme when they met in Tampa for the Republican National Convention: Fire Madigan.

It’s more than a slogan for the state GOP. It’s an all-out marketing campaign against the Illinois House speaker. It includes t-shirts, buttons and even a baby bib that read “Fire Madigan.” 

The GOP blames Michael Madigan for allowing the state to slide into a fiscal mess. But Madigan said it’s Republicans who are unwilling to do what he called the "heavy lifting."

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Bill Knight - September 6
11:51 am
Wed September 5, 2012

The Roots of the Illinois Pension Crisis

Bill Knight

Most Illinoisans seem torn between anger about state pensioners supposedly getting rich off taxpayers, and concern about state-worker neighbors caught between incompetent lawmakers and greedy credit agencies in cahoots with big banks. The real debate should be one timid types in Springfield (or Washington) avoid: What do citizens want government to do and how will it be funded?

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State Senate Candidate in Western Illinois
6:53 pm
Tue August 28, 2012

Frese Blames Pension Crisis on Leadership Gap

Randy Frese
Rich Egger
  • Randy Frese news conference and Q-and-A

Republican Illinois State Senate candidate Randy Frese of Paloma said the state's pension problems are a sign of broken government, which he said was caused by a lack of leadership.

Frese said the pension reform program in Rhode Island could serve as a template for Illinois. He said Rhode Island raised the retirement age, froze the cost of living adjustment (COLA), and implemented a 401K style plan. Frese said the state did so long before it got into a financial hole as deep as the one in Illinois.

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Playing Politics, Ignoring Reality
10:08 am
Tue August 21, 2012

Tax Expert: Pensions Are Not the Problem for Illinois

Rich Egger

Conservative estimates indicate Illinois is $83 billion short of what it has promised state workers in retirement benefits.  But Ralph Martire of the Center for Tax and Budget Accountability said said there is nothing inherently wrong with the state's pension plans.

He said the problem is that for 40 years the state “borrowed like a credit card” from pensions to pay for other services. But instead of acknowledging that, state leaders and lawmakers have played politics with the issue.

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