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Illinois Pensions

Clout, Reform And Lots Of Knives: The Week In Pictures

Posted 05.25.2011 | Chicago

It was a historic week in national news, with President Obama's signature health care legislation passing Congress. Chicago had a hand in that, with a...

Chicago Public Schools Dodges A Budget Bullet -- For Now

Paras Bhayani | Posted 05.25.2011 | Chicago
Paras Bhayani

By shortchanging teacher pensions, is Chicago Public Schools simply creating a bigger mess down the road?

Illinois Pension Reform: Legislature Approves Massive Overhaul

Posted 05.25.2011 | Chicago

Facing the most serious unfunded liability in the country, and the prospects of a tanking bond rating, Illinois legislators passed sweeping reforms to...

Illinois Pension Reform: Illinois House Passes Major Pension Reform Package

Chicago Sun-Times | Posted 05.25.2011 | Chicago

The Illinois House passed a sweeping pension-reform package this afternoon that would elevate the retirement age to 67 and restrict benefits for futur...

I Ride the Bus for Free and the Chicago Tribune Wants My Brother to Pay

Samuel H. Williamson | Posted 05.25.2011 | Chicago
Samuel H. Williamson

The Chicago Tribune think the State of Illinois should reduce the pensions of its current retirees to help reduce the state's deficit.

Illinois' Pension Liability Worst In Nation, Could Sink State Economy

Posted 05.25.2011 | Chicago

A new report by the Pew Center on the States shows Illinois facing the largest unfunded pension liability in the country. Nationwide, 84 percent of p...

Almost 4,000 Retired State Employees Draw Pensions Over $100,000

Chicago Sun-Times | TIM NOVAK, ART GOLAB AND CHRIS FUSCO | Posted 05.25.2011 | Chicago

Nearly 4,000 retired government workers have pensions that pay them at least $100,000 a year....

3 Weeks As Blagojevich Appointee Adds $40,000 A Year To Pension

Chicago Sun-Times | DAVE MCKINNEY | Posted 05.25.2011 | Chicago

The State Employees Retirement System has signed off on granting former Rep. Kurt Granberg (D-Carlyle) a yearly pension of $113,305. Which is $40,288...

Quinn: Reduce Pension Benefits Of New State Employees

Associated Press | Posted 05.25.2011 | Chicago

Gov. Pat Quinn says Illinois should offer new state employees fewer pension benefits to save money. Quinn told reporters in Springfield on Tuesday th...

Giannoulias Proposes Cost-Cutting State Pension Reform

Chicago Tribune | Monique Garcia | Posted 05.25.2011 | Chicago

Illinois Treasurer Alexi Giannoulias is pushing a plan to pool billions in state pension investments as a way to cut costs and curtail corruption in ...

Illinois Pensions Underfunded By Up To $50B: Watchdog

Chicago Public Radio | Adriene Hill | Posted 05.25.2011 | Chicago

Illinois' unfunded pension liability may be as high as 50 Billion dollars. That's according to the head of a local budget watchdog group. The financi...