This memo provides a review of the funding guarantee provisions found in the pension reform bills that currently are or have been under consideration by the Illinois General Assembly.
PRESS RELEASE from the ILLINOIS POLICY INSTITUTE EXPERTS AVAILABLE IN CHICAGO AND SPRINGFIELD MEDIA CONTACT: Diana Rickert or Daniel Anthony daniel@illinoispolicy.org or (312) 607-4977 Illinois Policy Institute opposes Nekritz-Biss pension plan Yes, pensions must reformed, but the Nekritz-Biss bill would worsen the pension crisis, not fix it SPRINGFIELD, Ill. (Jan. 8, 2013) Illinois lawmakers...
State Rep. Elaine Nekritz, state Rep. Daniel Biss and several of their rank-and-file colleagues recently unveiled a new pension reform proposal. These lawmakers should be commended for stepping forward with a plan, rather than waiting on their political leaders to get around to fixing the problem. Unfortunately, the Nekritz-Biss plan falls short of fixing the...
As the pension crisis threatens to engulf Illinois, legislators continue to fiddle. It’s no secret that Illinois has the worst-funded state pension systems in the nation. That’s an accepted fact by those on both sides of the aisle. Unfortunately, that fact hasn’t motivated any action from the state’s politicians. Now recent news point to even...
by Kristina Rasmussen Echoing the sentiments of former Gov. Jim Edgar, state rep Daniel Biss made the argument that pension reform will hurt state government employee recruitment in a committee hearing yesterday. From the Tribune’s editorial: Then there’s Daniel Biss, a freshman Democrat from Evanston. In blather-rich questions and a pre-vote soliloquy, he illogically twisted his proclaimed...
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...