pension lawsuit http://wuis.org en Union Conglomerate Files Pension Lawsuit http://wuis.org/post/union-conglomerate-files-pension-lawsuit <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A coalition of labor unions has called Illinois' new pension law "theft." Now they've filed a lawsuit. It comes a day before Governor Pat Quinn is expected to herald the law in his State of the State address.</p><p></p> Thu, 30 Jan 2014 01:15:25 +0000 Amanda Vinicky 17926 at http://wuis.org Union Conglomerate Files Pension Lawsuit Don't Bank On Pension Savings Just Yet http://wuis.org/post/dont-bank-pension-savings-just-yet <p></p><p>With the new year comes the annual process of crafting a new state budget.&nbsp; Money will be tight, despite a pension law that's supposed to save $160 billion dollars over the next 30 years.</p><p>Legislators who voted to cut state employees' and teachers' retirement benefits say they had no choice. Nearly a fifth of the state budget was going into Illinois' pension systems. Meaning there was less money to spend elsewhere. The pension law is supposed to ease that so-called "squeeze."</p> Tue, 07 Jan 2014 13:20:00 +0000 Amanda Vinicky 16429 at http://wuis.org Don't Bank On Pension Savings Just Yet