pensions

Rauner’s plan B for pension reform: Amend the constitution

By Benjamin VanMetre

04/09/2015

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.

TAGS: Bruce Rauner, pensions, Senate Bill 1

Lincolnwood: Tax hike for police pensions, but firefighter pensions not an issue

By Benjamin VanMetre

03/25/2015

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.

TAGS: debt, Lincolnwood, pensions

Chicago’s pitch to pay down $32B in unfunded pension debt: A casino, state money for CPS and a pass on pension payments

By Benjamin VanMetre

03/19/2015

None of these proposals would even begin to address the Chicago’s pension crisis. The city needs reform, not revenue.

TAGS: Chicago, debt, pensions

Illinois Supreme Court hears arguments in pension case

03/11/2015

Does the Illinois Constitution’s pension clause spell disaster for the state?

TAGS: Illinois Supreme Court, pensions

Pension costs consume 90 cents of every tax-hike dollar

By Benjamin VanMetre

03/11/2015

Missing from the discussion on state revenues is what happened with all the money from Illinois’ last major tax hike.

TAGS: Illinois Supreme Court, pensions

Pension crisis hits home: Wilmette

By Benjamin VanMetre

03/10/2015

Unfunded pension debt for police and fire pension funds in Wilmette has increased by 16 percent since 2009.

Pension crisis hits home: Springfield

By Benjamin VanMetre

03/10/2015

Since 2009, taxpayer contributions to police and fire pensions in Springfield have increased by 44 percent.

TAGS: debt, pensions

Pension crisis hits home: Morton Grove

By Benjamin VanMetre

03/10/2015

Morton Grove's police pension fund has just 54 cents of every dollar it needs in the bank today to meet future pension payments.

TAGS: Morton Grove, pensions

Pension crisis hits home: Arlington Heights

By Benjamin VanMetre

03/10/2015

Whether they realize it or not, taxpayers in Arlington Heights have a lot of experience with the impact of rising pension costs.

Another Illinois town hikes taxes amid skyrocketing pension costs

By Benjamin VanMetre

03/05/2015

Local governments have their hands tied when it comes to pension reform.

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Pathway to a Profession: How Apprenticeships Could Reshape Illinois’ Beauty Service Industry

Occupational licensing requirements present one of the steepest barriers to low-income Illinoisans starting careers in beauty services. Illinois requires anyone seeking to become a barber, cosmetologist, nail technician or hair braider to obtain a state license, essentially a permission slip to work. Unlike 45 other states, Illinois offers only one pathway to licensure for each...

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