pension overhaul

State News
7:42 am
Mon July 8, 2013

Deadlines and the Governor

Tuesday is the latest deadline Governor Pat Quinn has set for overhauling Illinois' pension systems. It's part of what's become an ongoing pattern: Quinn sets a deadline, the General Assembly fails to meet it, Quinn sets another deadline, et cetera. 

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State News
7:17 am
Fri May 31, 2013

Senate votes down pension measure

It's the final day of the legislative session, and the foremost issue that has plagued lawmakers all year remains unresolved. There's a chance yesterday's actions may have deepened a divide between the House and Senate over what to do about the state's massive pension debt. IPR’S Amanda Vinicky explains. 

Gov. Pat Quinn is asking the state senate to reconsider its vote, after the chamber quashed a pension measure that would cut state employees' and teachers' retirement benefits. Quinn says the Senate's action lets down the people of Illinois, whom he says are paying $17 million every day the current pension system stays in place. 

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State News
7:12 am
Thu May 30, 2013

Pension talks to continue today

A solution for dealing with Illinois' 100 billion dollars of pension debt continues to elude legislators, even as the spring session rapidly approaches its end. The General Assembly is scheduled to adjourn Friday. IPR’S Amanda Vinicky reports.

Lawmakers have taken votes to deal with the pension debt. Problem is the House passed a plan that Speaker Mike Madigan says will save more money. And the Senate passed a different plan that his fellow Democrat, President John Cullerton, says is better because it's more likely to be upheld by the courts.

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State News
6:53 am
Thu May 9, 2013

Il Senate to vote on pension overhaul

The Illinois Senate is expected to vote Thursday on the latest proposal to fix the state's drastically underfunded pension systems. Many aspects of the plan have been put forth before in what's become a multi-year pension debate. But as Illinois Public Radio’s Brian Mackey reports, it has one element that makes it unique. 

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