Rauner looks to end pension pickups for legislative staffers
Rauner looks to end pension pickups for legislative staffers
The perk costs taxpayers tens of thousands of dollars each year.
Total student-loan debt in Illinois is approaching $50 billion
Total student-loan debt in Illinois is approaching $50 billion
More than 1.7 million Illinoisans hold student-loan debt.
Springfield couldn’t bail out Chicago Public Schools even if it wanted to
Springfield couldn’t bail out Chicago Public Schools even if it wanted to
State-run teacher pensions have a shortfall of $37,000 per student, while Chicago's shortfall totals $24,000.
Pensions vs. higher education
Pensions vs. higher education
Skyrocketing pensions, bloated administrations are pricing students out of college degrees
Pensions 101: Understanding Illinois’ massive, government-worker pension crisis
Pensions 101: Understanding Illinois’ massive, government-worker pension crisis
The crisis threatens to burden taxpayers with massive, ever-escalating taxes to bail out a system that is not sustainable – government-worker pensions consume a fourth of the state’s budget.
IEA, IFT, SEIU executives supported skipping pension payments
IEA, IFT, SEIU executives supported skipping pension payments
Government-worker union officials filed papers with the Illinois General Assembly in favor of the “pension holiday” that contributed to the state’s $111 billion pension debt.
5 reasons why Chicago can’t afford to get steamrolled by another CTU contract
5 reasons why Chicago can’t afford to get steamrolled by another CTU contract
CPS is broke. To preserve funding for the classroom and Chicago's children, and to keep CPS from going belly up, CPS officials must broker significant concessions from the union.
To fix education funding, Cullerton should focus on reforming pensions
To fix education funding, Cullerton should focus on reforming pensions
From 2009 to 2014, the state added $8.9 billion in new tax dollars to the education budget, over and above the base amount of $6.8 billion it spent in 2009. Of those new dollars spent, 89 percent went to retirement costs and just 11 percent made it to classrooms.
Pensions vs. schools
Pensions vs. schools
Since 2009, 89 cents of every new dollar for education goes to teacher pensions
CTU president concedes possibility of CPS ending annual multimillion-dollar practice of teacher ‘pension pickups’
CTU president concedes possibility of CPS ending annual multimillion-dollar practice of teacher ‘pension pickups’
CTU President Karen Lewis has acknowledged that CPS is in dire straits – and that her union may have to make concessions in contract negotiations, including ending the practice of the school district – meaning taxpayers – picking up the majority of teacher contributions toward pensions, which has cost $1.3 billion since 2006.
Rauner making moves on pension reform
Rauner making moves on pension reform
On Jan. 21 Gov. Bruce Rauner reignited reform talks surrounding Illinois’ worst-in-the-nation pension crisis.
Illinois pensions: What you need to know
Illinois pensions: What you need to know
Here's what you need to know about Illinois' $111 billion state pension crisis.
Chicago Public Schools debt slides deeper into ‘junk’ status
Chicago Public Schools debt slides deeper into ‘junk’ status
Standard & Poor’s Ratings Services issued a two-notch downgrade to the Chicago Board of Education on Jan. 15, citing failure to address the district’s structural financial problems.
GE rejects Chicago as home for corporate headquarters, cites pension debt
GE rejects Chicago as home for corporate headquarters, cites pension debt
General Electric will move its corporate headquarters and 800 jobs to Boston, Mass., from Fairfield, Conn., noting its concerns about Chicago’s government-worker pension debt in its rejection of the Windy City.