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Illinois Pensions

Top 25 Biggest Pensioners in the State Universities Retirement System

Reboot Illinois | Posted 04.06.2016 | Chicago
Reboot Illinois

Taxpayers United of America recently released a new analysis of the State Universities Retirement System -- the second-largest of the five Illinois pe...

Fast Facts: Illinois' 5 Pension Funds By The Numbers

Reboot Illinois | Posted 04.04.2016 | Chicago
Reboot Illinois

Since 1996, Illinois has appropriated $67.3 billion to the state's five retirement systems, according to the General Assembly's Commission on Governme...

72 Illinois Municipal Managers Made More Than Any U.S. Governor in 2015

Reboot Illinois | Posted 03.31.2016 | Chicago
Reboot Illinois

A new report featured in Forbes Magazine found 72 city managers of relatively small municipalities in Illinois are paid more than the governors of eve...

When Will Chicago Teachers and Illinois Politicians Act Like Grown-Ups and Actually Think About Our Kids?

Matthew Dietrich | Posted 03.30.2016 | Chicago
Matthew Dietrich

Opinion by Reboot Illinois' Madeleine Doubek My family has been quite, um, productive lately. I mentioned quite a while back that I come from a big ...

Top 25 Retired Illinois Politicians With The Biggest Pension Payouts

Reboot Illinois | Posted 02.19.2016 | Chicago
Reboot Illinois

Taxpayers United of America, an organization that advocates for tax relief and "fighting government pensions," has released an updated list of lawmake...

Civic Federation Proposes Painful Plan to Right Illinois' Financial Ship

Reboot Illinois | Posted 02.12.2016 | Chicago
Reboot Illinois

Tax increases, spending limits, tax on pension income among Civic Federation's recommendations A report released today by the Civic Federation lays o...

Rauner, AFSCME Impasse Could Benefit The Governor

Matthew Dietrich | Posted 01.26.2016 | Chicago
Matthew Dietrich

Opinion by Reboot Illinois' Madeleine Doubek Gov. Bruce Rauner's request that that state's labor relations board declare an impasse between his admi...

Rauner Task Force Outlines 27 Recommendations for Reducing Local Taxing Bodies

Reboot Illinois | Posted 01.05.2017 | Chicago
Reboot Illinois

With nearly 7,000 units of government, Illinois has about 2,000 more than any other state in the nation, resulting in a behemoth bureaucratic industry...

Breaking Through the Illinois Budget Reality Distortion Field

Matthew Dietrich | Posted 12.21.2016 | Chicago
Matthew Dietrich

House Speaker Michael Madigan won't budge on opposing Gov. Bruce Rauner's reforms and also won't acknowledge that maybe, just maybe, some of the actions by ruling Democrats from 2003-2015 might have contributed the fiscal disaster and economic malaise now gripping Illinois.

Sane Solutions to Illinois' Budget and Pension Madness

Matthew Dietrich | Posted 12.08.2016 | Chicago
Matthew Dietrich

Remember pensions? It's been exactly seven months since the Illinois Supreme Court told us, unanimously, that the state cannot force changes to pension benefits on public employees and retirees.

Moody's Knocks Illinois Credit Rating; Second Downgrade in Four Days

Matthew Dietrich | Posted 10.23.2016 | Chicago
Matthew Dietrich

Two ratings agencies this week downgraded Illinois' credit rating. What does this mean to you? Mainly it means that more of your tax dollars now will go toward paying interest on state borrowing.

7 Reasons Why You Need to Start Screaming About the State of Our State

Matthew Dietrich | Posted 10.21.2016 | Chicago
Matthew Dietrich

What are we doing? Why do we allow this? Former governors Jim Edgar and Jim Thompson are beside themselves. One asks new Gov. Bruce Rauner to stop holding the budget hostage. The other spreads the blame and declines to name names.

Fitch Issues First Credit Downgrade of Rauner Era, Cites Illinois Pension Trouble

Matthew Dietrich | Posted 10.20.2016 | Chicago
Matthew Dietrich

Editor's note: This post has been updated to reflect an Illinois credit rating downgrade issued by Fitch Ratings on Monday afternoon. "With The Econo...

History of the Illinois Pension Crisis Could Be Learning Moment

Matthew Dietrich | Posted 10.01.2016 | Chicago
Matthew Dietrich

When the Illinois Supreme Court ruled the 2013 pension reform law unconstitutional, it left the state with one very big question: how to get $105 bill...

The Top 8 People and Actions to Blame for Illinois' Pension Problems

Matthew Dietrich | Posted 08.07.2016 | Chicago
Matthew Dietrich

There are many, many people from both major parties at fault over many years for the Illinois pension debacle. Dave McKinney, former Chicago Sun-Time...

10 Things You Should Know About Gov. Rauner's Pension Reform Proposal

Reboot Illinois | Posted 07.10.2016 | Chicago
Reboot Illinois

The plan, which Rauner announced Wednesday, contains significant pension reforms, but also contains other measures that Rauner has tried unsuccessfully to get through the legislature. A higher standard of proof for employee injury claims and bankruptcy eligibility for Illinois municipalities are among them.

Why 401(k)s Shouldn't Replace Pensions

Michael T. Carrigan | Posted 02.27.2015 | Chicago
Michael T. Carrigan

It's not just basic finance, it's common sense: A large pool of money invested by professionals will yield far greater returns than small, separate accounts managed by individuals with no professional training in finance.

An Illustrated History of Retirement and Pensions

Reboot Illinois | Posted 06.23.2014 | Chicago
Reboot Illinois

What's happened over time is a lot fewer active workers are helping fund the retirements of a whole lot more retirees.

Chicago Pension-Cutting Plan Would Harm City Retirees, Neighborhoods

Henry Bayer | Posted 06.08.2014 | Chicago
Henry Bayer

roponents of the drastic Chicago pension cuts sought by the city have threatened a range of doomsday scenarios if their proposal is not enacted. Rather than the thoughtful, informed discussion this matter deserves, this is the equivalent of shouting "Fire!" in a crowded theater.

Report: State's Budget Gap Will Grow Despite Pension Overhaul

Reuters | Posted 03.24.2014 | Chicago

CHICAGO, Jan 21 (Reuters) - A reform package passed late last year will make improvements to Illinois' woefully underfunded public pension system, b...

Report: City's Pension Situation Both Positive And Negative

Reuters | Posted 02.13.2014 | Chicago

CHICAGO, Dec 13 (Reuters) - The passage last week of reforms to Illinois' public pension system could signal that the legislature may soon address C...

Illinois Democrats Wage Class War

C. Robert Gibson | Posted 02.10.2014 | Chicago
C. Robert Gibson

Try and name one difference between the policies of Wisconsin Governor Scott Walker and Chicago Mayor Rahm Emanuel that isn't of importance to evangelicals -- I'll wait.

Illinois Pols Approve Pension Reform Bill

Reuters | Posted 02.02.2014 | Chicago

SPRINGFIELD, Illinois, Dec 3 (Reuters) - The Illinois House and Senate approved a long-awaited measure on Tuesday to reform the nation's worst-funde...

Stop Making Excuses: Pass Pension Reform this Week

Matthew Dietrich | Posted 02.01.2014 | Chicago
Matthew Dietrich

There's plenty for everyone to hate in the pension bill expected to get a vote tomorrow in Springfield. Sorry, ideological purists. That's why it needs to pass.

Illinois Pols Reportedly Reach 'Comprehensive' Pension Deal

Reuters | Posted 01.27.2014 | Chicago

CHICAGO, Nov 27 (Reuters) - Illinois legislative leaders on Wednesday reached a long-elusive deal to reform the state's woefully underfunded public ...