pension reform

Pensions
3:38 pm
Fri April 18, 2014

U Of I: Illinois Pension Overhaul Had Costly Mistake

Avijit Ghosh
Credit Univ. of Ill.

University of Illinois officials have worried for months that state pension reforms will push employees to retire early. But they say language inadvertently placed in pension law may provide even stronger
incentive.
 
Avijit Ghosh is a senior adviser to university President Robert Easter. He said at a trustees' meeting Friday that the pension law passed last year would effectively take away a year of pension benefits from about 4,000 University of Illinois employees if they don't retire before July 1. Those pensions would be reduced by up to 35 percent.
 

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Statehouse
6:15 am
Thu March 6, 2014

GOP Governor Candidates Argue Pensions

Credit Brian Mackey/WUIS

The Republican candidates for Illinois governor are arguing about pension reform and the state's finances in the second-to-last debate ahead of the March 18 primary.  

State Sens. Bill Brady and Kirk Dillard, businessman Bruce Rauner  and Treasurer Dan Rutherford attended the debate Wednesday hosted by WGN-TV and the Chicago Tribune.  

Brady is the only one who supported a recent pension overhaul that cuts benefits for state workers and retirees. Dillard voted against it, which has been the reason that several unions have endorsed him.  

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Statehouse
11:48 am
Wed December 11, 2013

How The Pension Lawsuits Could Play Out

UI Law professor John Colombo
Credit University of Illinois

Several state employee unions are expected to file a lawsuit contesting Illinois' new pension measure.

A University of Illinois law professor says that action will start a process that could last as long as two years. 

John Colombo said any decisions will ultimately come from the state’s Supreme Court, but the process has to start in circuit court.

He expects unions to seek an injunction that would keep the reform plan from taking effect while the legal process plays out.

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Statehouse
11:59 am
Thu December 5, 2013

CapitolView: Pension Reform Analysis

WUIS State Week host, Bill Wheelhouse, guests on the latest CapitolView regarding the pension reform passed in Illinois.

State Week
2:10 pm
Fri November 22, 2013

Listen To State Week - November 22, 2013

This week, same-sex marriage legislation signed into law, the prospects for resolving the state pension crisis in a December special session, and gubernatorial candidate Bruce Rauner's success in raising campaign funds.

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Statehouse
9:32 am
Tue November 5, 2013

State's Mayors Want Pension Overhaul

Loves Park Mayor Darryl Lindberg
Credit Loves Park City Website

The new head of the Illinois Municipal League wants lawmakers to remain committed to a pension overhaul. Loves Park Mayor Darryl Lindberg was recently named president of the organization. Lindberg says the group has not put its support behind any one plan, but is paying attention to work being done by the bipartisan pension panel.

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State Week
1:53 pm
Fri October 25, 2013

Listen To State Week - October 25, 2013

Credit Dan LoGrasso / WUIS

This week, a discussion of the first half of the Fall Veto Session.

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Statehouse
4:51 am
Mon October 21, 2013

Mike Lawrence Says '95 Pension Law Could Have Worked

Mike Lawrence
Credit news.siu.edu

Mike Lawrence spent years as a journalist covering state government and politics before eventually working as the Director of the Paul Simon Public Policy Institute.
In between,  he served as press secretary and senior policy advisor to former Governor Jim Edgar.

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Pensions
6:04 am
Thu October 17, 2013

AFSCME's Henry Bayer Talks Pensions

Henry Bayer
Credit Afscme31.org

Henry Bayer is the Executive Director of the American Federation of State, County and Municipal Employees Council 31.  The role puts the union leader in the middle of several battles over benefits and working conditions.  That includes the current dispute involving public pensions.

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Statehouse
1:30 pm
Tue October 15, 2013

Cullerton Says Pension Issue Could Bypass Committee

Sen. John Cullerton
Credit Illinois Senate

Illinois Senate President John Cullerton says the state's pension problem could be addressed in the fall legislative session even if a committee working on it remains split.  
The Chicago Democrat tells The Associated Press in an interview that lawmakers could bypass the committee and call a vote through another legislative route.  
An AP survey found that five of the pension committee's 10 members still had concerns with a proposed $138 billion savings plan. The Legislature cannot consider a committee proposal unless it is signed by six members.  

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Pension Overhaul - Updated
7:23 am
Tue October 15, 2013

Gov. Quinn "AWOL" From Pension Committee's Talks

The ten members of the bipartisan, bicameral conference committee formed to come up with a pension package gather in Chicago in July, for one of the panel's few public meetings. Gov. Pat Quinn did not attend.
Credit Amanda Vinicky

As he runs for re-election, Gov. Pat Quinn is staking a lot on getting something done with pensions. He making a show of asking the state Supreme Court let him cancel legislators' salaries until it's done, and he says he won't deal with other major issues before the General Assembly -- like using tax credits to keep ADM headquartered in Illinois -- until there's what he calls a "comprehensive pension solution." But it's hard to tell just what that means. Most of the ten legislators he tasked with crafting that solution don't even seem to know. They say he's been largely absent ...

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Pensions
3:33 pm
Mon October 14, 2013

Pension Committee Divided On A Fix

Credit wuis

The Illinois Legislature's fall veto session is just a week away, but a committee tasked with the solving the state's enormous pension problem is divided.  
An Associated Press survey of the 10-member committee found five Democrats support a plan that would save the state $138 billion over 30 years. The other half consists of four Republicans and one Democrat. They say they have major concerns about the proposal.  
The Legislature cannot consider the proposal unless it's signed by six committee members.  

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Pension Overhaul
5:24 pm
Fri October 11, 2013

Pension Committee Considering Adding 401(k) Option

Rep. Mike Zalewski, a Democrat from Riverside, sits on the pension conference committee. "There's some concern over ... frankly whether pension systems should get in the business of the market... and philosophically do we really want to go down this road when there's members of these systems that believe all we need to do is make our payment, rightfully so," he says of defined contribution plans.
Credit Zalewski

With an eye toward reaching an agreement in time for the upcoming veto session, legislators on a special pension committee met Friday in Chicago. The conversations focused on giving state employees and teachers a new style of retirement plan.

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Statehouse
1:01 pm
Fri October 4, 2013

Governor Weighs In On Pension Talks

Gov. Pat Quinn says there are ``a lot of good ideas'' in a pension reform proposal, but he's stopping short of a full endorsement of the deal.
 
The Chicago Democrat says the 10-member legislative panel working on a $138.9 billion savings plan needs to get details finished on the legislation so
lawmakers can schedule a vote.
 
Quinn's says he's seen a number of the plan details and has been ``working back and forth'' with committee members.
 
Quinn's Friday remarks follow Senate President John Cullerton's public
endorsement of the plan.
 

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Statehouse
1:43 pm
Tue October 1, 2013

Durkin Doubtful Pension Changes Will Happen This Fall

Rep. Jim Durkin (R-Western Springs)
Credit ilga.gov

The newest leader in state government says he doubts pension reform will become reality during the upcoming fall veto session. Republican House Minority Leader Jim Durkin says it's not right to vote for something that's close to ideal just because there is fatigue surrounding the issue.

"The issue needs to be done, but we need to do it right," Durkin said. "But I am not going to just wave the white flag out of expediency because people have been worn down or they're tired of the issue and want to get it off their plates."

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State Week
1:25 pm
Fri September 27, 2013

Listen To State Week - September 27, 2013

This week's topics include a court decision preventing Governor Quinn from blocking Illinois lawmakers' pay, the Illinois Democratic Party's official endorsement of Pat Quinn in the next gubernatorial race, and new reports indicating that conditions in the state's juvenile detention facilities are not improving.

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