pension

Election 2014
8:43 pm
Tue August 13, 2013

Pension Chairman Raoul Possible Democratic Challenger

Chair of the pension conference committee Sen. Kwame Raoul (D-Chicago) talks with Rep. Elaine Nekritz (D-Northbrook) at a July meeting in Chicago.
Credit Amanda Vinicky/WUIS

  Governor Pat Quinn already has one primary challenger, but there's talk he may get more. 

A lot of politicians are heading to the capital city this week; it's the State Fair, and a time for annual political meetings and rallies.

Democratic Sen. Kwame Raoul was driving down from Chicago Tuesday afternoon, in time for his fundraiser last night at a Springfield bar.

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Illinois Issues
12:00 am
Fri April 1, 2011

Editor's Note: Outcome of Pension Struggle Will Hinge on a Constitutional Clause

Dana Heupel
Credit WUIS/Illinois Issues

Democratic lawmakers from Wisconsin and Indiana who saw Illinois as a safe haven in their battles to protect public employee rights might be surprised to learn that top Democrats here may accede to a Republican effort to force pension reductions on current public employees.

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Illinois Issues
12:00 am
Mon February 1, 2010

The Pension Chasm: Analysts Project State Retirement Systems Need $131 Billion to Cover Benefits

Total liability $126.5 billion
Credit WUIS/Illinois Issues

To say Illinois faces a hole in funding its public employee pension systems is like saying the Grand Canyon is an impressive ravine or the Mindanao Trench a good-size gully.

Indeed, “hole” is hardly an appropriate word. “Abyss” and “chasm” come readily to mind, with “bottomless pit” not too far away.

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Illinois Issues
12:00 am
Sun June 1, 2003

A Future Mortgaged: The governor's pension bonding plan counts on future investment income

Imagine getting a home equity loan for $100,000, spending $27,000 of it on a new car and investing the rest — then counting on the interest earned to cover the interest paid, as well as the cost of the car. That’s the essence of Gov. Rod Blagojevich’s $10 billion pension bonding plan, which became law in April.

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