Illinois House Speaker Michael Madigan presents the conference committee report on Senate Bill 1, the legislation overhauling Illinois pensions. Madigan says "hopefully the Court will rule in favor of the constitutionality of the bill."
Illinois legislators may have passed a pension overhaul, but unions representing teachers and public employees have vowed to sue to stop it from taking effect. If they're successful, that could force lawmakers to go back to the drawing board.
Lawmakers made preemptive efforts to fend off a legal challenge. The measure contains a statement that details the terrible condition of Illinois' finances and what lawmakers have tried to do about it -- a clear attempt to justify cutting pension benefits.
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.
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.
Illinois' attempts to remove ineligible people from the state's Medicaid rolls are on hold, as Illinois and its largest public employees' union fight over who should actually do the scrubbing. The state says it will appeal a ruling that says it has to cancel its $77 million dollar contract with an outside firm.
Big changes are ahead for Medicaid, the state's health insurance program for the poor. Hundreds of thousands of residents are expected to be added to the rolls under the federal health care law.
The Illinois House of Representatives on Thursday approved a massive overhaul of state pensions. It's the first time the House has passed such a plan after more than a year of negotiating and many failed attempts.
Its also the first time Democratic House Speaker Michael Madigan, D-Chicago, put his full support behind a specific proposal.
The Illinois House is poised to vote Thursday on an overhaul of the state's pension systems. The plan easily advanced out of a House committee Wednesday morning. But the Senate's working on different method.
Wednesday began with a widespread feeling that after more than a year of failed attempts to reduce the state's pension debt, House Speaker Michael Madigan's proposal might be it.
The Illinois House is poised to vote Thursday on an overhaul of the state's pension systems. It would reduce state workers', teachers', and university employees' future retirement benefits. The plan easily advanced out of a House committee Wednesday morning.
There's a feeling in the capitol that after countless attempts to reduce the state's pension debt, this may be it. Insiders say it's significant that the plan's sponsored by House Speaker Michael Madigan — who rarely takes action without having support locked up.