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Pension Reform in Illinois

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...

Pension Reform Panel Zeros In On New Cost Saving Plan

Reuters | Posted 10.24.2013 | Chicago

CHICAGO, Aug 23 (Reuters) - Cost of living increases for pension checks would be tied to inflation under a plan being considered by an Illinois legi...

Gov. Quinn Sets July 9 Deadline For Pension Deal

Reuters | Posted 08.20.2013 | Chicago

By Joanne von Alroth and Karen Pierog SPRINGFIELD, Ill., June 19 (Reuters) - In the first sign of compromise after weeks of political ...

Legislative Leaders Move Farther Apart On Pension Fix Bill

Reuters | Posted 08.13.2013 | Chicago

CHICAGO, June 12 (Reuters) - Just a week before Illinois' legislature is to meet in special session to address the state's $100 billion unfunded pub...

Illinois' Worst-In-The-Nation Credit Rating Downgraded Again

Reuters | Posted 08.06.2013 | Chicago

CHICAGO, June 6 (Reuters) - Illinois' bond rating slid down the credit scale on Thursday to the lowest level in the state's history as Moody's Inves...

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 $100 billion unfu...

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 ...

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 first small step of ...