pensions

Statehouse
9:43 am
Tue December 3, 2013

Unions Make Last Pitch To Derail Pension Measure

Union members rallied at the statehouse in January 2013.
Credit npr.org

Illinois unions are working to squelch a plan aimed at
solving the state's $100 billion pension problem hours before an expected vote.
 
Members of the ``We Are One Coalition'' representing major state unions told a
bipartisan legislative panel Tuesday morning that the $160 billion savings plan
is unfair to retirees.
 
Dan Montgomery of the Illinois Federation of Teachers says there is ``no
victory in a public policy that will not work.'' He says adjustments to cost of

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Statehouse
6:00 am
Tue December 3, 2013

Satellite TV Tax Could Help ADM, Office Depot

Credit ADM

Although pensions are atop the agenda Tuesday in Springfield, the Illinois General Assembly could consider a set of tax breaks for some of Illinois' biggest corporations.

Decatur-based Archer Daniels Midland is moving its corporate headquarters, and wants a tax break to remain in Illinois, most likely Chicago. Office Depot, newly merged with OfficeMax, is deciding whether to put its combined headquarters in Florida or Naperville.

The deal would let the companies keep money they deduct from employee paychecks for Illinois taxes.

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Statehouse
4:42 pm
Mon December 2, 2013

Pension Plan Advances To House And Senate

A bipartisan committee of lawmakers has approved a plan to deal with Illinois' $100 billion pension problem. The measure now moves to the House and Senate for consideration.  

The Associated Press confirmed with six members of the 10-member panel that they had signed the measure Monday after arriving in Springfield for a special session.  
Leaders announced the plan last week. It comes nearly five months after a special committee was formed to tackle the problem.  

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Statehouse
1:14 pm
Mon December 2, 2013

Senator Kirk Opposes State Pension Plan

Sen. Mark Kirk

U.S. Sen. Mark Kirk says a pension-reform deal under consideration in Springfield ``falls short of finding the savings needed to solve Illinois' fiscal crisis.''  

The Republican senator issued his statement Monday morning. The deal that legislative leaders announced last week could go to a vote in the Illinois General Assembly as early as Tuesday. Kirk says state lawmakers shouldn't pass a bill that he says lawmakers and voters haven't had time to read.  

Kirk says the proposal ``relies heavily on accounting gimmicks'' and doesn't prevent a permanent income tax hike.  

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Statehouse
5:57 pm
Fri November 29, 2013

Listen To State Week - November 29, 2013

This week, the candidate filing deadline for the gubernatorial primaries, and legislative leaders' plan to solve the state's pension crisis.

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Pensions
4:10 pm
Fri November 29, 2013

How Leaders Want To Overhaul Illinois Pensions

Details are out on what the leaders of Illinois' General Assembly want to do to the state's retirement systems. They've released an outline of their deal.

After years of debate about what to do about the $100 billion dollars of unfunded liability Illinois has racked up for its pension systems, legislative leaders announced on Wednesday they had agreed to a deal. But they were tight-lipped about what all it involved.

That information has now been spelled out in a one-page overview, a memo passed out to members of the House and Senate.

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Statehouse
2:22 pm
Fri November 29, 2013

Pension Legislation Details Released

Credit Amanda Vinicky/WUIS

Earlier this week, legislative leaders announced a deal to bring a pension overhaul before the full chambers. It is estimated to save $160 billion over the next 30 years.  Illinois has the nation's most underfunded retirement systems.

On Friday, the leaders' staff sent around the memo below that highlights changes for public employee pensions.  Lawmakers are expected in Springfield to vote on legislation Tuesday, December 3.  Employee unions have already indicated opposition and if it passes, a legal challenge is likely.

PENSION REFORM PROPOSAL

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Pension Overhaul
4:49 pm
Wed November 27, 2013

Leaders Reach Pension Deal; Now Drumming Up Votes

House Speaker Michael Madigan talked to reporters about pensions during the end of the spring legislative session; he and Senate President John Cullerton were at odds then over how to deal with the state's underfunded retirement systems.
Credit Amanda Vinicky

  The leaders of Illinois' General Assembly have reached a deal on pensions. But now they have to persuade legislators to go along with it. The House and Senate will meet in Springfield Tuesday (12/3) to debate the measure.

It's the first time the four leaders of the House and Senate have come together on a plan dealing with the state's pensions, which are the worst-funded in the nation. Details are forthcoming, but House Speaker Michael Madigan came out of a meeting in Chicago saying it will save $160 billion.

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Statehouse
1:03 pm
Wed November 27, 2013

Pension Deal Reached; Vote Likely Next Week

Credit Wikimedia Commons

House Speaker Michael Madigan says the vote on a pension deal will be ``very difficult'' when lawmakers gather for a special session next week.  
Madigan spoke to reporters Wednesday after legislative leaders said they agreed on a proposal that will help solve Illinois' $100 billion pension crisis.  

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Statehouse
3:48 pm
Tue November 26, 2013

Quinn: Next Week Could End Pension Gridlock

Gov. Pat Quinn says next week is another opportunity to tackle the state's $100 billion pension crisis.  
Legislative leaders have been negotiating on a plan, which could come up next week if there's a special session in Springfield. House Speaker Michael Madigan has told representatives to be ready for a one-day session next Tuesday. The Senate has tentatively set some days aside next week.  

However, details about the plan haven't been released publicly and legislative leaders say they're still hammering out issues.  

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Pensions
12:03 pm
Thu November 21, 2013

Unions Plan "Emergency" Lobby Days Over Pensions

Credit commons.wikimedia

Illinois unions are planning an intensive lobbying push in opposition to a developing plan to deal with the state's $100 billion pension crisis.  

The ``We are One Coalition'' represents the state's major employee unions. The group sent an email to members about ``emergency call-in days'' next week and Dec. 2-3.  

Members are being asked to call and visit lawmakers' offices and urge them to vote against pension bills that don't have union support. Legislative leaders are meeting Thursday to firm up a plan that could save close to $150 million over 30 years.  

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Big Bank Settlement
8:25 am
Wed November 20, 2013

JPMorgan Chase To Pay Illinois Pension Funds $100 Million

Chase Tower in Chicago.
Credit John Picken (flickr.com/picken)

The bank JPMorgan Chase will pay Illinois' pension funds $100 million under a national settlement announced Tuesday. The payment is a result of the bank's misconduct leading up to the Great Recession.

Like a lot of investors in the last decade, Illinois' pension funds had a good chunk of change in mortgage-backed securities. Once the housing market collapsed and homeowners began defaulting, the value of those securities collapsed, too.

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Statehouse
4:45 pm
Wed November 13, 2013

Lawmakers Told To Save The Date For Return To Capitol

A top aide to House Speaker Michael Madigan is telling Illinois lawmakers to be ready for a special session in Springfield in December.
 
Madigan chief of staff Tim Mapes told Democrats in an email Wednesday that a ``possible'' session could begin Dec. 3. He told lawmakers to ``keep other days that week available.''  

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Pensions
3:22 pm
Mon November 11, 2013

Legislative Leaders Take The Reins On Pensions

Senate Republican Leader Christine Radogno, of Lemont, says the General Assembly's two top Democrats and Republicans are meeting on pensions; she says it's easier to reach a consensus with fewer people at the table.
Credit ILGA.gov

 Overhauling Illinois' pension systems is no longer in the hands of the special committee of legislators that met all summer. How to reduce the state’s $100 billion of long-term pension debt is now in the hands of the General Assembly's four leaders.

All summer long, state employees and retirees concerned about their retirement benefits had their eyes on a bipartisan conference committee, but insiders say even the key panel members are no longer part of discussions.

The General Assembly's four leaders (who are really always in charge) are taking the reins.

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Veto Session Wrap-Up
3:26 pm
Thu November 7, 2013

Legislators Leave Capital, But They May Be Back

Credit Brian Mackey/WUIS

Illinois legislators wrapped up their two-week veto session this afternoon (Nov. 7), though they may be back in Springfield before the year's end.

The General Assembly knocked one, big item off its to-do list: same-sex marriage. After intense lobbying on both sides, lawmakers on Tuesday sent the governor a measure that will allow gays and lesbians to marry.

The rest of the major issues on the General Assembly's agenda remain:

-a tax package crafted to ensure Archer Daniels Midland keeps its headquarters in Illinois is on hold

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Statehouse
2:14 pm
Wed November 6, 2013

Madigan: Pensions Could Bring Lawmakers Back To Town

Michael Madigan

House Speaker Michael Madigan says he's prepared to pass a ``meaningful'' pension reform bill, and he hopes it will happen before the end of the year.  

The Chicago Democrat says legislative leaders are waiting for actuaries to crunch numbers on some proposals they're considering. Once they have the information he hopes lawmakers can return to Springfield and approve a bill.  

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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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Business
6:22 am
Mon November 4, 2013

Greg Baise: Illinois Has To Compete For Jobs

Greg Baise
Credit IMA

A key Illinois business leader says the state is facing tough competition when it comes to keeping jobs.  Greg Baise is President of the Illinois Manufacturer's Association.  He says controversial legislation in Illinois that would offer tax breaks to certain firms is an effort to keep pace.

Among the firms, agribusiness leader Archer Daniels Midland, which wants to move it's corporate headquarters from Decatur to a larger city.  Illinois and other states are wooing the company with promises of tax incentives.

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Statehouse
3:17 pm
Tue October 22, 2013

Gov. Quinn: Pension Problem Is "Extreme Emergency"

Gov. Pat Quinn is disputing a fellow top Democrat's statements that Illinois' nearly $100 billion pension shortfall isn't a crisis.  

Senate President John Cullerton has said that the pension shortfall is not an imminent crisis, but that finding a solution can keep the state's income taxes down.  

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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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Statehouse
1:50 pm
Fri October 18, 2013

State Week In Review: October 18, 2013

On this edition of State Week in Review, our panel previews the upcoming fall session of the Illinois General Assembly.  From pensions to same sex marriage to gun crime sentencing, we discuss what may or may not occur. 

Also, the impact of the federal shutdown on state government.   Our guest this week is Gatehouse Media's Doug Finke.

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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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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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Statehouse
8:51 am
Thu October 10, 2013

Interview: State Senator Andy Manar

Sen. Andy Manar (D-Bunker Hill)

State Senator Andy Manar (D - Bunker Hill) is in his first term serving the 48th District.  It stretches from Springfield and Decatur south into Madison County.

Before he was elected, Manar spent time as Chief of Staff to Senate President John Cullerton and served as Chairman of the Macoupin County Board.

Manar sat down with WUIS' Sean Crawford to talk about some of the issues facing state government, including public pensions, tax incentives for ADM, education funding and how he was considered as a possible running mate to former gubernatorial candidate Bill Daley:

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Statehouse
1:34 pm
Fri October 4, 2013

Quinn: Pensions Before Tax Breaks For ADM, OfficeMax

Credit Brian Mackey/WUIS

When lawmakers return to Springfield for their fall session later this month, they'll be weighing requests from several international companies that want tax breaks for keeping their headquarters in Illinois. But Gov. Pat Quinn is throwing cold water on that idea.

Most of the tax-credit attention has gone to agribusiness giant Archer Daniels Midland Company, which wants up to $24 million keep its global head office in Illinois. But lawmakers have also heard requests from Zurich Insurance, based in Schaumburg, and OfficeMax, based in Naperville, and there are others.

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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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Pensions
9:37 am
Thu October 3, 2013

Cullerton Backs Possible Pension Compromise

Sen. John Cullerton
Credit ilga.gov

The president of the Illinois Senate says he's backing a compromise pension reform plan that could save $138 billion by 2043.  
Chicago Democrat John Cullerton tells The (Springfield) State Journal-Register (http://bit.ly/1btBYG2 ) that he's working to build support for the still-unfinished proposal being developed by a pension reform committee. Cullerton hopes lawmakers can begin to act on the plan during the upcoming Oct. 22 veto session.  

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Pensions And Pay
4:08 pm
Wed October 2, 2013

Comptroller: All Legislative Paychecks Processed

  After going without pay for three months, Illinois legislators' paychecks are in the bank.

Serving as a state senator or representative is technically a part-time job -- and for some, it is. For others, it is a full-time gig and sole source of income.

Which made it tough when Gov. Pat Quinn canceled General Assembly members' pay over the summer because they failed to pass legislation to cut pension costs.

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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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Salary Veto
3:32 pm
Fri September 27, 2013

Court Rejects Latest Quinn Effort To Withhold Lawmakers' Pay

Gov. Pat Quinn

A state appellate court has denied Gov. Pat Quinn's request to withhold lawmakers' pay while he appeals a ruling that his veto of legislative salaries was unconstitutional.
 
Quinn vetoed $13.1 million for lawmaker pay in July as a consequence of the Legislature not addressing Illinois' nearly $100 billion pension shortfall.
 
House Speaker Michael Madigan and Senate President John Cullerton sued, saying the veto was unconstitutional.
 

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