pension lawsuit

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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Breaking
2:31 pm
Fri May 2, 2014

Motion Filed To Put Pension Law On Hold

Credit Brian Mackey/WUIS

A court is being asked to prevent any aspect of Illinois' pension overhaul from taking effect, until it's decided whether the law is constitutional. A motion was filed Friday in Sangamon County Court.

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Another pension lawsuit
7:15 pm
Wed January 29, 2014

Union Conglomerate Files Pension Lawsuit

Credit Hannah Meisel/WUIS

  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.

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Pensions
7:20 am
Tue January 7, 2014

Don't Bank On Pension Savings Just Yet

House Speaker Michael Madigan sponsored the pension overhaul, which state employees' and teachers' unions say unfairly cuts their benefits.
Credit Amanda Vinicky/WUIS

With the new year comes the annual process of crafting a new state budget.  Money will be tight, despite a pension law that's supposed to save $160 billion dollars over the next 30 years.

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."

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