pension http://peoriapublicradio.org en Citigroup to pay settlement to Illinois state pension system http://peoriapublicradio.org/post/citigroup-pay-settlement-illinois-state-pension-system <p><span style="line-height: 1.5;">Illinois is getting 84-million dollars from Citigroup.&nbsp;</span><span style="line-height: 1.5;">It’s part of a 7-billion-dollar settlement the bank made with the federal government over its role in the 2008 financial crisis.</span></p><div> Mon, 14 Jul 2014 20:51:31 +0000 Claudia Morell 26441 at http://peoriapublicradio.org Citigroup to pay settlement to Illinois state pension system IL Supreme Court rules in favor of Burge's pension http://peoriapublicradio.org/post/il-supreme-court-rules-favor-burges-pension <div><span style="line-height: 1.5;">&nbsp;&nbsp;</span><span style="line-height: 1.5;">The Illinois Supreme Court says former Commander Jon </span>Burge<span style="line-height: 1.5;"> can keep receiving almost 4 thousand dollars a month from the Chicago police pension fund.&nbsp;</span></div><p> Thu, 03 Jul 2014 21:52:42 +0000 Patrick Smith 25918 at http://peoriapublicradio.org IL Supreme Court rules in favor of Burge's pension Governor reduces retirement benefits for Chicago employees http://peoriapublicradio.org/post/governor-reduces-retirement-benefits-chicago-employees <p><span style="line-height: 1.5;">Illinois Governor Pat Quinn has signed a bill that reduces the retirement benefits of some City of Chicago employees. B</span><span style="line-height: 1.5;">ut the governor’s signature comes with some advice for Chicago’s mayor.&nbsp;</span>IPR's<span style="line-height: 1.5;"> &nbsp;Tony Arnold explains.</span></p><p><span style="line-height: 1.5;">Quinn signed the controversial pension bill in private. &nbsp;</span><span style="line-height: 1.5;">But he released a statement saying he was quote - “dismayed by the ill-advised attempt” to have lawmakers impose a tax increase on Chicago residents.</span></p><div> Mon, 09 Jun 2014 21:43:29 +0000 Tony Arnold 24630 at http://peoriapublicradio.org Governor reduces retirement benefits for Chicago employees Rauner accused of pay-to-play politics http://peoriapublicradio.org/post/rauner-accused-pay-play-politics <div>The Republican candidate for Illinois governor is being accused of participating in pay-to-play politics.</div><p> Fri, 06 Jun 2014 19:34:49 +0000 Tony Arnold 24512 at http://peoriapublicradio.org Rauner accused of pay-to-play politics Judge blocks Illinois pension law from starting http://peoriapublicradio.org/post/judge-blocks-illinois-pension-law-starting <div>A judge has blocked Illinois pension overhaul from taking effect next month. It's a temporary victory for government employees who say the law is unconstitutional.</div><p> Wed, 14 May 2014 22:03:50 +0000 Amanda Vinicky 23313 at http://peoriapublicradio.org Judge blocks Illinois pension law from starting State hearing looks if new pension law could be suspended http://peoriapublicradio.org/post/state-hearing-looks-if-new-pension-law-could-be-suspended <div>A hearing set for Wednesday afternoon could determine if some - or even all - of Illinois' new pension law will be suspended. The law is supposed to take effect next month.</div><div> Wed, 14 May 2014 06:08:07 +0000 Amanda Vinicky 23266 at http://peoriapublicradio.org State hearing looks if new pension law could be suspended U of I Trustees talk pending retirements from pension reform http://peoriapublicradio.org/post/u-i-trustees-talk-pending-retirements-pension-reform <div>The University of Illinois Board of Trustees Friday told President Robert Easter to work with other state schools and lawmakers to prevent a wave of retirements brought on by Illinois’ pension reform law.&nbsp;</div><p> Fri, 18 Apr 2014 23:10:30 +0000 Jeff Bossert 22009 at http://peoriapublicradio.org U of I Trustees talk pending retirements from pension reform Lawmakers advance Emanuel Chicago pension plan http://peoriapublicradio.org/post/lawmakers-advance-emanuel-chicago-pension-plan <p><span style="line-height: 1.5;">A bill to cut retirement benefits for some City of Chicago employees has made its way to the governor’s desk.&nbsp;</span><span style="line-height: 1.5;">But it’s not clear whether he will sign it. IPR'S&nbsp;</span><span style="line-height: 1.5;">Tony Arnold reports.</span></p><p></p><p><span style="line-height: 1.5;">In one day, the Illinois State House and Senate approved a measure affecting more than 56-thousand city laborers and municipal workers.&nbsp;</span><span style="line-height: 1.5;">The bill would have current employees pay more toward their pensions - while retirees would get less money in benefits.</span></p><div><div> Tue, 08 Apr 2014 22:17:30 +0000 Tony Arnold 21482 at http://peoriapublicradio.org Lawmakers advance Emanuel Chicago pension plan Emanuel touts changes to state pension bill http://peoriapublicradio.org/post/emanuel-touts-changes-state-pension-bill <div>Chicago Mayor Rahm Emanuel is touting some changes to a state bill that would prop up some of the city’s troubled pensions. &nbsp;But the changes may be more political than practical.</div><p> Tue, 08 Apr 2014 00:58:05 +0000 Alex Keefe 21434 at http://peoriapublicradio.org Emanuel touts changes to state pension bill Unions suing to overturn state pension overhaul http://peoriapublicradio.org/post/unions-suing-overturn-state-pension-overhaul <div>A group of Illinois’ biggest public worker unions are now suing to overturn the state’s controversial new pension law. &nbsp;A coalition of labor groups says it stands for more than 620,000 state workers.</div><p> Wed, 29 Jan 2014 06:27:38 +0000 Alex Keefe 18190 at http://peoriapublicradio.org Unions suing to overturn state pension overhaul