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Illinois Pensions

State's Elderly Home Care Program Almost Out Of Money

Reuters | Posted 05.09.2013 | Chicago

By James B. Kelleher CHICAGO, March 8 (Reuters) - Illinois warned that it will run out of money next week to pay for a program that al...

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...

Gov. Quinn Unveils His 'Most Difficult' State Budget Ever

Posted 03.06.2013 | Chicago

Updated story Illinois Gov. Pat Quinn Wednesday at noon began his annual budget address, offering a preview of his proposed 2014 budget for the fin...

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...

Report: Illinois' Unpaid Bills Could Hit $21.7 Billion In 5 Years

Reuters | Posted 04.27.2013 | Chicago

CHICAGO, Feb 25 (Reuters) - Illinois' pile of overdue bills could nearly triple to $21.7 billion in five years unless the state takes action to curb...

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 ...

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...

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.

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...

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?

Rahm Hopeful For Big Pension Reforms In 2013

Reuters | Posted 12.05.2012 | Chicago

* Believes lawmakers will pass reforms in January * Four pension funds face $19.2 bln unfunded liability * "The alternat...

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...

WATCH: 7 YouTube Tributes To Republican State Rep's Epic Tirade

Posted 06.06.2012 | Chicago

If you haven't yet seen it, you're probably alone: In an epic tirade that went insta-viral, Republican Illinois state representative Mike Bost late la...

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...