Chicago brutality victims pay their torturer’s pension
Chicago brutality victims pay their torturer’s pension
Jon Burge draws thousands of dollars each month from a broken system.
Bond experts’ top 5 concerns are bad news for Illinois taxpayers
Bond experts’ top 5 concerns are bad news for Illinois taxpayers
As long as the state mandates pension rules and regulations for local governments, unfunded pension liabilities will continue to pressure local budgets.
Michigan reforms to retiree benefits upheld in 6-0 state Supreme Court decision
Michigan reforms to retiree benefits upheld in 6-0 state Supreme Court decision
Illinois lawmakers now have at least one model on which to base necessary reforms.
Rauner’s plan B for pension reform: Amend the constitution
Rauner’s plan B for pension reform: Amend the constitution
While the state waits for the Supreme Court’s SB 1 ruling, Gov. Bruce Rauner and other lawmakers are working up a pitch to amend the state constitution.
Take note, Illinois: Transition costs not an issue in Pennsylvania’s pension reform
Take note, Illinois: Transition costs not an issue in Pennsylvania’s pension reform
Pennsylvania’s reform efforts mirror the national trend of modernizing public and private retirement systems with 401(k)-style defined-contribution plans.
Lincolnwood: Tax hike for police pensions, but firefighter pensions not an issue
Lincolnwood: Tax hike for police pensions, but firefighter pensions not an issue
Missing from the discussion on Lincolnwood’s pension crisis is talk of the unfunded liability for the village’s firefighter pension fund. That’s because this fund has no unfunded liability – Lincolnwood privatized their fire protection services 25 years ago.
Chicago’s pitch to pay down $32B in unfunded pension debt: A casino, state money for CPS and a pass on pension payments
Chicago’s pitch to pay down $32B in unfunded pension debt: A casino, state money for CPS and a pass on pension payments
None of these proposals would even begin to address the Chicago’s pension crisis. The city needs reform, not revenue.
Illinois Supreme Court hears arguments in pension case
Illinois Supreme Court hears arguments in pension case
Does the Illinois Constitution’s pension clause spell disaster for the state?
Make bankruptcy an option for Illinois municipalities
Make bankruptcy an option for Illinois municipalities
Local governments should structure themselves in a way that best meets the needs of their budget, taxpayers and public employees. And the state should give them the power to do so.
LIVESTREAM: Illinois Supreme Court hears arguments on 2013 pension law SB 1
LIVESTREAM: Illinois Supreme Court hears arguments on 2013 pension law SB 1
Pension costs consume 90 cents of every tax-hike dollar
Pension costs consume 90 cents of every tax-hike dollar
Missing from the discussion on state revenues is what happened with all the money from Illinois’ last major tax hike.
Pension crisis hits home: Wilmette
Pension crisis hits home: Wilmette
Unfunded pension debt for police and fire pension funds in Wilmette has increased by 16 percent since 2009.
Is pension reform possible in Illinois?
Is pension reform possible in Illinois?
The plaintiffs in the SB 1 case are asking the court to do something extraordinary: to hold, in effect, that pension benefits should receive stronger protection than any other type of constitutional right.
Pension crisis hits home: Springfield
Pension crisis hits home: Springfield
Since 2009, taxpayer contributions to police and fire pensions in Springfield have increased by 44 percent.