Illinois Pension http://wuis.org en Quinn Signs Another Pension Measure http://wuis.org/post/quinn-signs-another-pension-measure <p>Gov. Pat Quinn has signed a pension-reform measure for the Chicago Park District. &nbsp;</p><p>The legislation Quinn signed Tuesday is designed to deal with a $971 million deficit in the district's pension program. When lawmakers approved it in November, experts hailed it as example of compromise for what was then an elusive solution to the five state pension systems' $100 billion hole. &nbsp;</p> Wed, 08 Jan 2014 13:23:48 +0000 Bill Wheelhouse 16506 at http://wuis.org Quinn Signs Another Pension Measure Illinois Pensions Don't Sell Assets In 2013 http://wuis.org/post/illinois-pensions-dont-sell-assets-2013 <p></p> Fri, 20 Dec 2013 12:39:06 +0000 Associated Press 15402 at http://wuis.org Illinois Pensions Don't Sell Assets In 2013 How The Pension Lawsuits Could Play Out http://wuis.org/post/how-pension-lawsuits-could-play-out <p><span style="line-height: 1.5;">Several state employee unions are expected to file a lawsuit contesting Illinois' new pension measure.</span></p><p>A University of Illinois law professor says that action will start a process that could last as long as two years.&nbsp;</p><p><span style="line-height: 1.5;">John Colombo said any decisions will ultimately come from the state’s Supreme Court, but the process has to start in circuit court.</span></p><p>He expects unions to seek an injunction that would keep the reform plan from taking effect while the legal process plays out.</p> Wed, 11 Dec 2013 17:48:53 +0000 Jeff Bossert 14774 at http://wuis.org How The Pension Lawsuits Could Play Out CapitolView: Pension Reform Analysis http://wuis.org/post/capitolview-pension-reform-analysis <p>WUIS&nbsp;State Week host, Bill Wheelhouse, guests on the latest CapitolView regarding the pension reform passed in Illinois.</p><p><iframe allowfullscreen="" frameborder="0" height="390" src="//www.youtube.com/embed/2Zz_JCF0XYE" width="640"></iframe></p> Thu, 05 Dec 2013 17:59:59 +0000 Bill Wheelhouse 14620 at http://wuis.org Strange Bedfellows Could Kill Leaders' Pension Deal http://wuis.org/post/strange-bedfellows-could-kill-leaders-pension-deal <p>Illinois legislators will be asked today (12/3) to take what many say could be the most important vote of their careers. They've been called back to Springfield to take up a measure that would drastically alter the state's retirement plans. Doing so would have obvious ramifications for state employees, teachers and university workers whose pensions are at stake. But the impact of a vote is far more widespread. What happens could also affect everything from the state's credit rating and Illinois' next budget, to the 2014 elections. The outcome is anything but certain.</p> Tue, 03 Dec 2013 12:21:51 +0000 Amanda Vinicky 14208 at http://wuis.org Strange Bedfellows Could Kill Leaders' Pension Deal How Leaders Want To Overhaul Illinois Pensions http://wuis.org/post/how-leaders-want-overhaul-illinois-pensions <p></p><p>Details are out on what the leaders of Illinois' General Assembly want to do to the state's retirement systems. They've released an outline of their deal.</p><p>After years of debate about what to do about the $100 billion dollars of unfunded liability Illinois has racked up for its pension systems, legislative leaders announced on Wednesday they had agreed to a deal. But they were tight-lipped about what all it involved.</p><p>That information has now been spelled out in a one-page overview, a memo passed out to members of the House and Senate.</p> Fri, 29 Nov 2013 22:10:24 +0000 Amanda Vinicky 14041 at http://wuis.org How Leaders Want To Overhaul Illinois Pensions Legislative Leaders Take The Reins On Pensions http://wuis.org/post/legislative-leaders-take-reins-pensions <p><span style="line-height: 1.5;">&nbsp;</span>Overhauling Illinois' pension systems is no longer in the hands of the special committee of legislators that met all summer. How to reduce the state’s $100 billion of long-term pension debt is now in the hands of the General Assembly's four leaders.</p><p><span style="line-height: 1.5;">All summer long, state employees and retirees concerned about their retirement benefits had their eyes on a bipartisan conference committee, but insiders say even the key panel members are no longer part of discussions.</span></p> Mon, 11 Nov 2013 21:22:32 +0000 Amanda Vinicky 12803 at http://wuis.org Legislative Leaders Take The Reins On Pensions State's Mayors Want Pension Overhaul http://wuis.org/post/states-mayors-want-pension-overhaul <p>The new head of the Illinois Municipal League wants lawmakers to remain committed to a pension overhaul. Loves Park Mayor Darryl Lindberg was recently named president of the organization. Lindberg says the group has not put its support behind any one plan, but is paying attention to work being done by the bipartisan pension panel.</p> Tue, 05 Nov 2013 15:32:41 +0000 Jenna Dooley 12386 at http://wuis.org State's Mayors Want Pension Overhaul