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We Are One Illinois

Why 401(k)s Shouldn't Replace Pensions

Michael T. Carrigan | Posted 02.27.2015 | Chicago
Michael T. Carrigan

It's not just basic finance, it's common sense: A large pool of money invested by professionals will yield far greater returns than small, separate accounts managed by individuals with no professional training in finance.

Illinois' Pension Reform Law Is Scheduled to Take Effect June 1... But Will It?

Matthew Dietrich | Posted 07.14.2014 | Chicago
Matthew Dietrich

Under the law, annual increases in benefits are reduced, the retirement age is raised and the salary on which a pension can be earned is capped.

Chicago Pension-Cutting Plan Would Harm City Retirees, Neighborhoods

Henry Bayer | Posted 06.08.2014 | Chicago
Henry Bayer

roponents of the drastic Chicago pension cuts sought by the city have threatened a range of doomsday scenarios if their proposal is not enacted. Rather than the thoughtful, informed discussion this matter deserves, this is the equivalent of shouting "Fire!" in a crowded theater.

Pension Committee Compromise Sure to Displease

Matthew Dietrich | Posted 10.27.2013 | Chicago
Matthew Dietrich

There is one thing I am absolutely, 100 percent sure about when it comes to the pension bill being hammered out by the Illinois General Assembly's conference committee: Whatever it is, both sides will find plenty to hate about it.

Quinn and Daley Toe to Toe; Civil Committee Fahner's Faux Pas

Madeleine Doubek | Posted 10.10.2013 | Chicago
Madeleine Doubek

Well, just in time for the Illinois State Fair campaigning, the sniping has begun between Democratic Gov. Pat Quinn and his opponent, Bill Daley.

Income tax debate takes center stage

Matthew Dietrich | Posted 09.24.2013 | Chicago
Matthew Dietrich

SPOTLIGHT ON INCOME TAX Jan. 1, 2015, is D-Day for Illinois' income tax. That's when most of the 2011 temporary income tax increase expires, dropping ...

Madigan stares, unions don't blink

Matthew Dietrich | Posted 08.21.2013 | Chicago
Matthew Dietrich

To witness Tuesday evening's hearing before the Illinois House Personnel and Pension Committee was to see, played out in real time, the essence of the...