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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...

Lawmakers Convening Special Session On Pension Reform

AP | KERRY LESTER and SARA BURNETT | Posted 12.03.2013 | Chicago

SPRINGFIELD, Ill. (AP) — Illinois lawmakers were poised Tuesday to vote on a plan to solve the state's $100 billion pension crisis — a proposal ma...

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 bill...

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 ...

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 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 $...

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 firs...