| Sep 30, 2013
| 4:54 AM
A key member of a legislative panel charged with finding a way to fill Illinois' worst-in-the-nation unfunded pension liability said Sunday that she believes it is "very likely" a plan to change state retirement benefits could be agreed upon to present to...
| May 2, 2013
| 6:16 PM
SPRINGFIELD — The Illinois House today approved a far-reaching pension reform plan pushed by Speaker Michael Madigan that is headed for an uncertain fate in the Senate.
The proposal aims to erase the state's nearly $100 billion pension debt by...
| Oct 6, 2013
| 7:51 PM
State Sen. Bill Brady, a candidate for the Republican nomination for governor, said voters have grown weary of Democratic Gov. Pat Quinn's populist actions and want a leader who will "deal with reality."
Brady, a Bloomington Republican who lost the 2010...
| May 29, 2013
| 5:08 AM
SPRINGFIELD — New estimates released Tuesday indicate House Speaker Michael Madigan’s pension reform proposal would save more money over the next three decades than had been expected.
Number crunchers turned in a final review that showed...
| May 31, 2013
| 7:46 PM
SPRINGFIELD --- A plan to allow Mayor Rahm Emanuel to skip a large chunk of Chicago Public Schools pension payments for two years failed today after Gov. Pat Quinn vowed to veto it unless lawmakers also approve comprehensive government worker pension....
| Apr 7, 2012
| 1:43 PM
SPRINGFIELD --- The Illinois House panel investigating a Chicago lawmaker accused of bribery is holding off on hearings next week because of the potential for more activity in federal court.
The latest developments in the case of Rep. Derrick Smith, D-...
| Mar 1, 2012
| 3:09 PM
The House made the first move against Democratic Gov. Pat Quinn’s budget proposal Thursday, lowering the estimate of how much money the state should expect to take in next year by more than $200 million.
For a state that owes more than $8 billion...
| Jul 31, 2012
| 7:15 PM
When lawmakers left the Statehouse at the end of May, the problem of fixing the nation's most underfunded state public employee pension system was left unresolved amid myriad political concerns and divides.
Despite Gov.Pat Quinn's decision to call...
| Aug 17, 2012
| 3:11 PM
State lawmakers adjourned a one-day special session today without approving even a scaled-back version of pension reform.
Prospects for a major breakthrough on an issue were bleak before the House and Senate returned to the Capitol.
But even a measure...
| May 27, 2012
SPRINGFIELD — State government workers, teachers, university employees and lawmakers could see their annual pension increases scaled back but might not have to pay more toward their retirement or work longer under an emerging plan aimed at...
| May 29, 2012
| 4:35 AM
— Efforts to develop a plan for comprehensive reform of public employee pensions hit a snag Monday as opposition intensified over a provision to shift retirement costs for suburban and Downstate teachers onto local school districts.