| 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...
| Jan 27, 2014
| 9:50 AM
SPRINGFIELD — New calculations show the state will save about $15 billion less than initially projected from the controversial major government worker pension overhaul that lawmakers and Democratic Gov. Pat Quinn approved last month.
| Jan 28, 2014
| 5:40 PM
SPRINGFIELD — Illinois’ largest government employee unions sued Tuesday to overturn Illinois’ new pension law, ripping the long sought, landmark money-saving changes as outright “theft” from workers that won’t pass a...
| 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.
| May 29, 2012
| 10:22 AM
SPRINGFIELD — A pension reform plan that aims to save tens of billions of dollars surfaced at the Capitol today, but questions remain about a controversial provision to shift suburban and Downstate teacher retirement costs onto local school...
| May 31, 2012
| 1:54 PM
SPRINGFIELD---Supporters of pension reform were scrambling to line up votes today as the clock ticks down toward a midnight adjournment deadline.
Democratic House Speaker Michael Madigan said he does not plan to vote for the proposal, and many of his...