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Illinois Pension Funding

Citizens are sounding off, with a vengeance

Reboot Illinois | Posted 08.05.2013 | Chicago
Reboot Illinois

Since legislators ended their spring session Friday night with little significant to show for it other than fracking regulations and the concealed...

Springfield failure: Who's to blame? IL shrinks on cartoonist Stantis' business map; Rutherford's Mansion plan

Reboot Illinois | Posted 08.03.2013 | Chicago
Reboot Illinois

THE BIG FAIL Who is to blame for last week's epic collapse in the Illinois General Assembly? Certainly there was some ego involved, as the two top D...

Credit Concerns Rise After State Legislature's Pension Failure

Reuters | Posted 08.03.2013 | Chicago

By Karen Pierog CHICAGO, June 3 (Reuters) - Illinois' governor and lawmakers this week hope to revive efforts to address the state's p...

Path To Pension Reform Even Trickier Thanks To Statehouse Inaction

AP | JOHN O'CONNOR and SOPHIA TAREEN | Posted 06.01.2013 | Chicago

SPRINGFIELD, Ill. -- Illinois Gov. Pat Quinn had claimed he was "put on earth" to solve the nation's worst pension crisis, but the goal eluded him onc...

Pension Reform Snarled In Politics With Deadline Looming

Reuters | Posted 07.28.2013 | Chicago

By Karen Pierog CHICAGO, May 28 (Reuters) - With less than a week left to go in Illinois' spring legislative session, ...

Two very different approaches to solving Illinois' pension crisis

Reboot Illinois | Posted 07.24.2013 | Chicago
Reboot Illinois

In the final two weeks of the 2013 spring legislative session, lawmakers are weighing two bills that address what is arguably the greatest financial crisis in state history.

Pension Showdown Ahead As Senate OKs Union-Backed Plan

Reuters | Posted 07.09.2013 | Chicago

SPRINGFIELD, Ill., May 9 (Reuters) - The Illinois Senate on Thursday passed a labor union-backed bill to reduce the state's nearly $...

Pension Reform Showdown Looms As Union-Backed Plan Advances

Reuters | Posted 07.09.2013 | Chicago

SPRINGFIELD, Ill., May 8 (Reuters) - An Illinois Senate committee on Wednesday passed a union-backed plan to reduce the state's nearly $100 billion ...

Constitutional Concerns Cloud Future Of Pension Reform Bill

Reuters | Posted 07.05.2013 | Chicago

By Karen Pierog CHICAGO, May 5 (Reuters) - Now that the Illinois House of Representatives has passed a plan to repair a state pension ...

Sweeping Pension Fix OKed In Narrow House Vote

Reuters | Posted 07.02.2013 | Chicago

By JoAnne von Alroth SPRINGFIELD, Ill., May 2, (Reuters) - The Illinois House of Representatives in a 62 to 51 vote on...

Pension Reform Plans Emerge, Compete In State Legislature

Reuters | Posted 07.02.2013 | Chicago

By Karen Pierog CHICAGO, May 1 (Reuters) - The Illinois Senate president and labor leaders on Wednesday began pushing a new plan to re...

Pension Fix Faces Political, Legal Hurdles

Reuters | Posted 06.08.2013 | Chicago

By Karen Pierog CHICAGO, April 7 (Reuters) - Illinois lawmakers begin a two-month push on Monday to enact major pension reform, under ...

House Takes Baby Steps To Rein In Public Pension Costs

Reuters | Posted 05.15.2013 | Chicago

SPRINGFIELD, Ill., March 14 (Reuters) - The Illinois House of Representatives continued its piecemeal approach to reforming the state's sagging publ...

State Settles SEC Fraud Charge Over Pension Funding

AP | JOHN O'CONNOR | Posted 05.11.2013 | Chicago

SPRINGFIELD, Ill. — Federal authorities announced Monday that Illinois has agreed to settle a securities-fraud charge that accused the state of ...

State House OKs Pension Payment Cap, Avoids Bigger Reforms

Reuters | Posted 05.08.2013 | Chicago

By Renita Young SPRINGFIELD, Ill., March 7 (Reuters) - The Illinois House of Representatives on Thursday took the firs...

Illinois House Votes Down Madigan's Pension Reform Plan

Reuters | Posted 05.01.2013 | Chicago

By Joanne von Alroth SPRINGFIELD, Ill., Feb 28 (Reuters) - The Illinois House of Representatives on Thursday dealt a s...

Gov. Quinn Urges Action, Offers No Plan On Pension Fix

Reuters | Posted 04.08.2013 | Chicago

By Joanne von Alroth SPRINGFIELD, Ill., Feb 6 (Reuters) - Governor Pat Quinn said on Wednesday that Illinois is at a "...

State Of The State's Pensions? 'Horribly Embarrassing'

Reuters | Posted 04.08.2013 | Chicago

By Karen Pierog CHICAGO, Feb 5 (Reuters) - Illinois Governor Pat Quinn, already the most unpopular governor in the nation, has his wor...

Illinois Now Has The Worst Credit Rating In The Nation

AP | SARA BURNETT | Posted 01.26.2013 | Chicago

CHICAGO -- Illinois' already disastrous financial situation worsened Friday as another credit rating agency downgraded its rating to the worst of any ...

Gov. Quinn Seeks To Overcome Pension Reform Setback

AP | SOPHIA TAREEN | Posted 01.10.2013 | Chicago

SPRINGFIELD, Ill. -- After singling out Illinois' worst-in-the-nation pension crisis as the most important issue of his governorship, Pat Quinn could ...

Lawmakers Propose Pension Fix, Unions Threaten Suit

Reuters | Posted 03.09.2013 | Chicago

By Joanne von Alroth SPRINGFIELD, Ill, Jan 6 (Reuters) - Illinois lawmakers unveiled a plan Sunday they believe can fix the state's hu...

State Lawmakers Pursue Deal To Fix Pension Crisis

Reuters | Posted 03.03.2013 | Chicago

By Karen Pierog CHICAGO, Dec 31 (Reuters) - Illinois lawmakers on Wednesday resume efforts to fix the state's woefully underfunded sta...

State Lawmakers Unveil New Pension Fix Plan

Reuters | Posted 02.04.2013 | Chicago

By Joanne von Alroth SPRINGFIELD, Ill, Dec 5 (Reuters) - A bipartisan group of Illinois lawmakers on Wednesday unveiled a plan to fix ...

WATCH: Meet 'Squeezy,' Illinois' Pension Villain -- Really

Posted 11.19.2012 | Chicago

As Illinois' pile of unpaid bills continues to mount, Gov. Pat Quinn on Sunday introduced the "grassroots" campaign he hopes will help build support f...

State's Credit Rating Lowered, Again, By S&P

Reuters | Posted 10.29.2012 | Chicago

* S&P cites inaction on pension fix for downgrade * Governor seeks meeting soon with lawmakers on pensions * Treasur...