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Illinois Pension Reform

Lawmaker: Make Income Tax Hike Permanent As Part Of Pension Fix

Reuters | Posted 04.23.2013 | Chicago

By Joanne von Alroth SPRINGFIELD, Ill., Feb 20 (Reuters) - An Illinois lawmaker proposed on Wednesday making a personal income tax inc...

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...

In Illinois, 'Squeezing' Retirees Is Also Shortchanging Its Youth

Sylvia Puente | Posted 04.06.2013 | Chicago
Sylvia Puente

A solution to this mess will not be found in the proverbial robbing of Peter to pay Paul: Reneging on pension promises made to our civil servants -- retired teachers among their ranks -- is not an acceptable or sustainable way to fulfill our educational funding imperatives.

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 ...

State Lawmakers To Try For Pension Reform Again In New Assembly

AP | JOHN O'CONNOR and SARA BURNETT | Posted 03.11.2013 | Chicago

SPRINGFIELD, Ill. — New day. New lawmakers. Same old pension-reform dispute. Illinois legislators failed to deliver a solution Tuesday to a bal...

Illinois House Adjourns Without Vote On Pension Reform Bill

AP | JOHN O'CONNOR and SARA BURNETT | Posted 03.10.2013 | Chicago

SPRINGFIELD, Ill. — Illinois lawmakers abruptly adjourned a lame-duck legislative session Tuesday without agreement on how to fix the nation's m...

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...

Gov. Quinn Confident Latest Pension Reform Bill Will Pass

Reuters | Posted 03.06.2013 | Chicago

CHICAGO, Jan 4 (Reuters) - Illinois Governor Pat Quinn said on Friday he is optimistic that state lawmakers will pass pension reform legislation nex...

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...

Illinois Dragging Its Feet On Worst-In-Nation Pension Crisis

AP | SARA BURNETT | Posted 12.30.2012 | Chicago

CHICAGO -- Illinois, a state with a reputation for political wheeling and dealing, backroom handshakes and 11th-hour bargains, is dragging its feet on...

State's Worst-In-Nation Credit Outlook Lowered Again

Reuters | Posted 02.13.2013 | Chicago

CHICAGO, Dec 13 (Reuters) - Illinois' public pension funding problems, likely to persist if not worsen, led Moody's Investors Ser...

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 ...

Illinois Has a New Conservative Blog, So Why Is the Headline Contributor the Democratic Governor?

Kyle Hillman | Posted 01.20.2013 | Chicago
Kyle Hillman

Governor Pat Quinn is one of President Obama's major supporters, so it seems a little odd to see him helping get Reboot Illinois off the ground -- a startup from donors who funded some of the most hard-hitting attack ads on the president.

The Pension Referendum Was Rejected. So Now What?

Barbara Popovic | Posted 01.16.2013 | Chicago
Barbara Popovic

On this week's Chicago Newsroom we asked whether the referenda will have any impact on public policy, and whether there's any real prospect for pension reform in the short term.

Is The State's Pension Problem Beyond Fixing?

Reuters | Posted 01.14.2013 | Chicago

CHICAGO, Nov 14 (Reuters) - Illinois' public pension crisis has grown so severe that it can no longer be fixed, a Chicago business group warned on W...

State's Pension Reform Amendment Falls Short

Emily J. Miller | Posted 12.30.2012 | Chicago
Emily J. Miller

Voters get to weigh in on the hot topic of fixing state pensions this upcoming election. But the big question is: Will their vote really do anything to reform Illinois' financially devastated retirement system?

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...

Scott Walker Visits Chicago, Offers Advice On Pension Reforms

Posted 06.26.2012 | Chicago

Embattled Wisconsin Governor Scott Walker paid a visit to a neighboring state also known for its fair share of gubernatorial drama Monday. After sp...

Report: State Pension Shortfall Ballooned In 2010

AP | CHRISTOPHER WILLS | Posted 08.18.2012 | Chicago

SPRINGFIELD, Ill. — Recession-plagued states diverted scarce money away from pensions to pay for more immediate concerns, leaving a $757 billion...

State Pension Reform Stalls, Lawmakers OK Gambling & Strip Club Tax Bills

Posted 06.01.2012 | Chicago

In the final day of their spring legislative session, Illinois state lawmakers approved a state budget plan and sent gambling expansion and strip club...

State Lawmaker: Reaction To Epic Outburst 'Mostly Positive'

AP | DAVID MERCER | Posted 07.31.2012 | Chicago

SPRINGFIELD, Ill. — Screaming, swearing and referencing the Bible, a red-faced Illinois Rep. Mike Bost punched at papers he threw in the air whi...

WATCH: State Lawmaker Erupts Into Tirade During Pension Debate

Posted 05.30.2012 | Chicago

A Republican Illinois state lawmaker on Tuesday screamed and threw papers into the air while decrying the state's Democrat-led pension reform bill tha...

Rahm: Without Pension Reform, City Property Taxes Will Soar

Posted 05.09.2012 | Chicago

Mayor Rahm Emanuel testified before a state legislative panel Tuesday in Springfield, Ill., about Chicago's rising pension costs and urged for a serie...