pensions

Government
7:19 pm
Wed September 4, 2013

State pension committee could finish work soon

Legislators writing an overhaul of the state's pension systems could be nearing the end of their work.  IPR’s Amanda Vinicky has the latest: 


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Pensions
4:43 pm
Mon August 26, 2013

Pension Committee Closer to Proposal

Two Illinois lawmakers say they’re getting closer to proposing a pension plan that could save the state almost $150 billion dollars. IPR’s Patrick Smith has more.

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State News
4:23 pm
Tue August 20, 2013

State teacher pension system sees returns

Illinois' largest public pension system saw greater than expected returns, according to an early analysis of the last fiscal year's investments. IPR’s Amanda Vinicky reports: 


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State News
7:24 am
Fri May 31, 2013

Legislators have many issues to take up before they adjourn

Illinois has the worst funded pension system in the nation, and lawmakers have until today to do something about it. The General Assembly is scheduled to adjourn by midnight. After that, it requires extra votes to get legislation to the governor's desk.  Pensions are not the only thing left. As Illinois Public Radio’s Amanda Vinicky reports, plenty of other big-ticket policy issues are also unresolved.

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Politics
4:53 pm
Thu May 9, 2013

Madigan: downstate schools should pay pension costs

The leader of the Illinois House of Representatives says Downstate school districts will eventually have to pay for their employees’ pensions. 

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State News
7:07 am
Wed May 8, 2013

Madigan says he still wants to shift pension costs to school districts

Illinois House Speaker Michael Madigan is following through on his promise to try and relieve the state from having to pay for teachers' retirement benefits.  IPR’S Amanda Vinicky explains.

The two chambers of the General Assembly are focused on competing proposals that seek to reduce the state's pension costs. What both plans have in common, though, is what they lack. Neither shift the cost of downstate and suburban public schools teachers' pensions from the state to the school districts that employ them.

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