pension law

Other Former Governors Get Six-Figure Pensions Too
4:45 am
Mon March 2, 2015

Ex-Gov. Quinn Begins Collecting Six-Figure Pension

The base of former Gov. Pat Quinn's salary is protected under the pension overhaul he signed into law, but like other state employees, future hikes will be reduced should the court uphold its constitutionality. Quinn began collecting his annual, $137,000 pension a day after he left office in January.
Credit WUIS/Illinois Issues

Some of the main architects of the Illinois law that seeks to save the state money by reducing workers' pensions have begun collecting pensions of their own.

On March 11, the Illinois Supreme Court will hear arguments for and against the pension overhaul signed into law late in 2013 by then-Gov. Pat Quinn. If it succeeds, Quinn, like other retired state employees, will see his the size of his future retirement benefits shrink, as the law does away with compounded cost-of-living increases.

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Pensions
1:03 pm
Thu February 19, 2015

Supreme Court Schedules Pension Arguments For March 11

The Illinois Supreme Court has announced it will hear oral arguments in the state's landmark pension-overhaul case on March 11.

Arguments will begin at 2:30 p.m. in the high court chamber in downtown Springfield.  

The Illinois General Assembly and former Gov. Pat Quinn adopted a plan in late 2013 designed to cut into the $111 billion deficit in four state pension programs built by years of underfunding.  

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Election 2014
3:14 am
Tue August 12, 2014

AARP Poll: Rauner Has Edge Over Quinn Among Senior Voters

Statistics from AARP Illinois' survey.
Credit Hannah Meisel/WUIS

  The debate over state retiree pensions has been a consistent backdrop for the Illinois gubernatorial election, bringing older voters to the forefront of many debates. It's this senior voting bloc that could make all the difference this election.

The Illinois Building on the State Fairgrounds in Springfield is buzzing with activity. But it's not prized cattle or blue-ribbon pies fair attendees are taking in. Along one wall, it's an array of motor scooters. Along another, it's rows of booths offering different kinds of home care.

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Election 2014
5:31 pm
Wed July 30, 2014

Two Teachers Unions Back Quinn Despite Pension Strife

  Governor Pat Quinn now has the support of the two statewide teachers unions. The Illinois Federation of Teachers endorsed Quinn Wednesday despite the union's opposition to Quinn's ideas for pension changes.

The IFT is one of the groups suing Quinn for the pension overhaul law passed late last year that would reduce public employee benefits, including those for teachers.

But the union's president, Dan Montgomery, says the election is bigger than the ongoing lawsuit.

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State Week
2:24 pm
Fri May 16, 2014

Listen To State Week - May 16, 2014

Credit Dan LoGrasso / WUIS

This week the Illinois House passed a spending bill that surpasses projected state revenues, leading to more debate over allowing the temporary income tax to expire.  Also, judicial action has put the state's pension overhaul on hold.

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Pensions
12:49 am
Tue May 13, 2014

Deal Reached On University Pensions

Gov. Pat Quinn signs the pension overhaul, known sometimes as Senate Bill 1, into law in December, 2013.
Credit Harvey Tillis / Illinois Information Service

Even as the "We Are One" broad coalition of unions seeks to prevent any of the pension law from taking effect next month, a new agreement would prevent parts of it from being implemented.

It mostly affects university and community college employees nearing the end of their careers.

The deal, between the State Universities Annuitants Association and the attorney general, could put a stop to a surge of retirements at Illinois' public universities.

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