pensions

Pensions
5:19 pm
Tue May 28, 2013

Rep: Pension Shift Would Cost Schools Nothing

Reps. Darlene Senger (left) and Elaine Nekritz discuss pensions in a Statehouse conference room.
Credit Brian Mackey/WUIS

Members of the Illinois House continued pushing for their version of a pension overhaul Tuesday. The latest twist could affect how public school teachers' pensions are funded. Brian Mackey has more.

One of the more contentious issues in the debate over government pensions in Springfield has been who should pay for teachers' retirement benefits.

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End of session
7:33 am
Tue May 28, 2013

Four Days Left And Pensions, Guns, Gambling Unresolved

A downpour descends on the Illinois Capitol dome on Memorial Day, where legislators convened for the final week of the 2013 spring session.
Credit Amanda Vinicky/WUIS

The legislative countdown continues, as Illinois' General Assembly is set to adjourn Friday.   Lawmakers spent their Memorial Day at the capitol, where little apparent progress was made on many of the outstanding issues.    The Senate met only briefly yesterday - the bulk of Senators' time was spent in private, partisan meetings.That's where they often make decisions on how to proceed on controversial issues. Like the budget. 

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Session Countdown
8:13 pm
Sun May 26, 2013

A Full Legislative Agenda With Only Five Days Left

Credit Brian Mackey / WUIS

There are five days left in the Illinois General Assembly's spring session. Legislators have a lot of work ahead of them.  The House adjourns on Memorial Day at noon; the Senate convenes at 4 p.m.

                   

  

                                       

Typically, fighting over the budget carries into the waning hours of a legislative session.

But Democrats - who have enough seats to pass a spending plan without any Republican votes - say they've already reached a deal.

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Pensions
8:27 am
Sat May 25, 2013

Is There Justice In Leaving Judges' Pensions Unscathed?

Credit Illinois Supreme Court

Illinois lawmakers remain at odds over how to handle the state's $100 billion of pension debt.  But there's a chance that this spring the General Assembly may finally do something about it.  After years of no major action, there are not one, but two major packages designed to reign in Illinois' retirement costs.  The House and Senate passed competing plans.  Both of them seek to save Illinois money by cutting current and retired government workers' benefits.  But one important group of government workers are being left out of both deals - judges.

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Pensions
5:45 pm
Tue May 21, 2013

House: Senate Plan Only Knocks 5-Percent Off Pension Debt

Rep. Elaine Nekritz (D-Northbrook), left, and Rep. Darlene Senger (R-Naperville) say an analysis shows the Senate's pension bill saves about half of what was originally projected.
Credit Amanda Vinicky

A state pension overhaul backed by government employee unions may save only half of what advocates had promised.  That underscores an ongoing battle between the House and Senate over pensions, with only ten days left in the legislative session.  

 

There's general agreement on this much: that Illinois' public pension systems have $100 billion dollars in unfunded liabilities.  That's a fancy word that basically means "debt."

It's a big number that's getting Illinois in trouble with bond houses and eating into the state's budget.

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Pension Cost Shift
5:47 pm
Thu May 16, 2013

Universities Agree To Pay Pension Tab

SIU President Glenn Poshard, left, and U of I President Robert Easter, center, testify at a House hearing Thursday on the pension cost shift.
Credit Amanda Vinicky/WUIS

Illinois universities and community colleges have signed on to a deal that would have them pick up the cost of their employees' retirement benefits.  It's part of lawmakers' ongoing efforts to reduce how much the state is spending on pensions. 

Illinois has cut its spending on universities for years ... and even more reductions are expected next year.

School administrators say it's forced them to hike tuition, and to leave positions unfilled.

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Pensions
7:00 am
Thu May 9, 2013

Labor's Pension Deal: Best Bet Or Too Good To Be True?

The Illinois Senate is expected to vote Thursday on the latest proposal to fix the state's drastically underfunded pension systems. In what's become a multi-year pension debate, many aspects of the plan have been put forth before. But it has one element that makes it unique.

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Passes 62-51
7:09 pm
Thu May 2, 2013

Illinois House Approves Pension Overhaul

The Illinois House of Representatives on Thursday approved a massive overhaul of state pensions. It's the first time the House has passed such a plan after more than a year of negotiating and many failed attempts.

Its also the first time Democratic House Speaker Michael Madigan, D-Chicago, put his full support behind a specific proposal.

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Statehouse Bureau
6:27 am
Thu May 2, 2013

Democratic Leaders Backing Opposing Pension Plans

Union leaders testify against House Speaker Michael Madigan's pension plan in a House committee Wednesday, as Madigan looks on behind them.
Credit Amanda Vinicky

The Illinois House is poised to vote Thursday on an overhaul of the state's pension systems. The plan easily advanced out of a House committee Wednesday morning. But the Senate's working on different method. 

Wednesday began with a widespread feeling that after more than a year of failed attempts to reduce the state's pension debt, House Speaker Michael Madigan's proposal might be it. 

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Pensions
11:56 am
Wed May 1, 2013

Madigan Pension Overhaul Headed to House Floor

House Speaker Michael Madigan (D-Chicago)

The Illinois House is poised to vote Thursday on an overhaul of the state's pension systems. It would reduce state workers', teachers', and university employees' future retirement benefits. The plan easily advanced out of a House committee Wednesday morning. 

There's a feeling in the capitol that after countless attempts to reduce the state's pension debt, this may be it. Insiders say it's significant that the plan's sponsored by House Speaker Michael Madigan — who rarely takes action without having support locked up. 

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Illinois Issues - Ends And Means
12:00 am
Sun July 1, 2012

Beyond Pensions, This Session Produced Meaningful Change

Charles N. Wheeler III
Credit WUIS/Illinois Issues

“All newspaper editorial writers ever do,” the late Pulitzer Prize-winning columnist Murray Kempton once observed, “is come down from the hills after the battle is over and shoot the wounded.”

Whether Illinois legislators are wounded may be a matter of debate, but they certainly were the targets of a heavy barrage of scorn and disdain from the state’s media mavens in the aftermath of the spring session’s turmoil.

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