Illinois lawmakers pass pension sweeteners without knowing the cost

By Adam Schuster
Illinois has nation’s worst pension debt. Maybe that’s because state lawmakers take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.

TAGS: benefits, Civic Federation, fire pensions, firefighter pensions, IRS: Internal Revenue Service, Jason Barickman, municipal pensions, pension crisis, pension debt, pension reform, pensions, police pensions, public safety, public safety pensions, safe harbor, Social Security, task force, tier 1, tier 2

A principled stand against pension “fix”

By Matt Paprocki
Lawmakers met in Springfield on Tuesday for a special session on pension reform. After an early morning committee hearing, a gathering of each of the four legislative caucuses and several hours of lengthy floor debates, a pension bill passed the House and Senate, and now awaits Gov. Pat Quinn’s signature. The Illinois Policy Institute adamantly...

TAGS: Brad Halbrook, Brian Stewart, Dale Righter, Dan Duffy, David Harris, David Luechtefeld, defined benefit plans, Dwight Kay, Jason Barickman, Jeanne Ives, Joe Sosnowski, Kyle McCarter, pensions, Senate Bill 1, Tom Cross, Tom Morrison