Statehouse
1:16 am
Wed December 4, 2013

How They Finally Passed A Pension Overhaul

House Speaker Michael Madigan, right, forcefully argued for legislation to overhaul the state's pension systems.
Credit Amanda Vinicky/WUIS

The Illinois General Assembly approved sweeping cuts to state employee pensions Tuesday. The move comes after years of stalemate over how to address a hundred-billion dollar liability — the worst-funded pension plans of any state.

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Tax Credits
11:32 pm
Tue December 3, 2013

ADM Unlikely To Get Tax Credit Before End Of Year

Sen. Andy Manar, D-Bunker Hill, is the sponsor of a Senate bill to give ADM a tax credit in exchange for creating new jobs in Chicago and Decatur, if the company moves its global headquarters from Decatur to Chicago.
Credit ilga.gov

While much of the attention was focused on pensions, state legislators yesterday also dealt with measures intended to get a trio of companies to call Illinois home. But they only got halfway there.

Decatur-based Archer Daniels Midland is shopping for a new world headquarters. The agribusiness giant may well choose Chicago; but it wants a tax break from Illinois, like in a measure approved by the Senate.

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Statehouse
5:56 pm
Tue December 3, 2013

Blagojevich To Have Another Day In Court

Rod Blagojevich's lawyers laid out a final set of arguments in writing before they step before appellate judges next week to argue that the imprisoned ex-governor deserves a new trial.
 
The 33-page filing with the 7th U.S. Circuit Court of Appeals repeats arguments made before, including that trial Judge James Zagel displayed bias against
Blagojevich. The brief was posted late Monday.
 
The defense and prosecution will get 30 minutes each to deliver oral arguments before a three-judge panel Dec. 13.
 

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Statehouse
5:52 pm
Tue December 3, 2013

Sweeping Pension Changes Approved

Credit Brian Mackey/WUIS

The Illinois General Assembly has approved sweeping changes to pensions for state employees. Governor Pat Quinn says he will sign the legislation. It's intended to fix the worst-funded state retirement system in the country.

Illinois is roughly $100 billion short of the money it promised to pay state employees, university workers, and public school teachers.

After years of debate, lawmakers finally agreed on a solution to the problem: cutting benefits, mainly by reducing the three-percent annual increase retirees have gotten on their pensions.

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Statehouse
5:00 pm
Tue December 3, 2013

Recap Of Pension Vote With Brian Mackey

WUIS' Sean Crawford talks with Statehouse reporter Brian Mackey moments after state lawmakers voted to approve pension legislation. 

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Statehouse
12:32 pm
Tue December 3, 2013

'Suspicious' Powder Mailed To State Office

Credit wikimedia

Officials say Gov. Pat Quinn's constituent office in Springfield was evacuated after an envelope with a "suspicious substance" was found.  Testing, however, revealed the substance was baby powder.

The Governor's Office of Constituent Affairs is located near the state Capitol where lawmakers and others were gathered ahead of an expected pension vote.  

Quinn spokeswoman Brooke Anderson says the envelope was received Tuesday, the office was evacuated and necessary precautions were taken.  

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Statehouse
10:34 am
Tue December 3, 2013

Madigan: Pension Plans Are "Too Rich"

Illinois' House Speaker told a bipartisan legislative committee that the state's pension systems are ``just too rich'' to be afforded in the future.  
Madigan is a Chicago Democrat and the state's longest-serving House Speaker. He says Tuesday that a $160 billion reform proposal was designed to keep long-term low-income workers in mind.

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Statehouse
9:43 am
Tue December 3, 2013

Unions Make Last Pitch To Derail Pension Measure

Union members rallied at the statehouse in January 2013.
Credit npr.org

Illinois unions are working to squelch a plan aimed at
solving the state's $100 billion pension problem hours before an expected vote.
 
Members of the ``We Are One Coalition'' representing major state unions told a
bipartisan legislative panel Tuesday morning that the $160 billion savings plan
is unfair to retirees.
 
Dan Montgomery of the Illinois Federation of Teachers says there is ``no
victory in a public policy that will not work.'' He says adjustments to cost of

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Pensions
7:10 am
Tue December 3, 2013

How Today's Pension Vote Will Go, Procedure-Wise

The pension conference committee meets in Chicago over the summer.
Credit Amanda Vinicky

This morning, legislators on a special, bipartisan panel formed to reach a compromise on Illinois' pension situation will once again meet in Springfield. Already, most of the committee's members have signed off on a deal.  Beyond that, the measure's fate is uncertain.

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Pensions
6:21 am
Tue December 3, 2013

Strange Bedfellows Could Kill Leaders' Pension Deal

A Christmas tree and other holiday decorations bring a festive spirit to the capitol on Monday -- today the statehouse will be bustling during last-minute negotiations ahead of a landmark pension vote.
Credit Brian Mackey/WUIS

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.

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