United States House of Representatives

Illinois pension reform resurfaces

By Matt Paprocki
03/01/2014
In December 2013, a pension reform bill passed out of the Illinois General Assembly. Sponsors of the bill estimated $160 billion in savings over the next 30 years, and supporters touted that the pension problem in Illinois was finally fixed. In fact, most of the dialogue throughout the Capitol was that the state-funded pension systems...

TAGS: 401(k), COGFA: Commission on Government Forecasting and Accountability, defined benefit plans, GARS: General Assembly Retirement System, ILGA: Illinois General Assembly, pensions

40 insurance policies canceled for every ObamaCare enrollee

By Naomi Lopez Bauman
11/18/2013
Five million Americans and counting across the country have already received notices that their health insurance plans in the individual and small group markets are being canceled as a result of ObamaCare. So far, Andrew Boron, Illinois’ insurance commissioner, has not yet revealed how many Illinoisans are facing the same situation, despite calls from both...

TAGS: ACA: Affordable Care Act

ObamaCare in Illinois: You have to buy it to find out what it costs

By Naomi Lopez Bauman
09/13/2013
While rallying public support for the Affordable Care Act, commonly referred to as ObamaCare, then-House Majority Leader Nancy Pelosi famously said that Congress “[has] to pass the bill so you can find out what’s in it, away from the fog of controversy.” It appears that Illinois state officials are taking a page from the Pelosi playbook when...

Quinn signs budget transparency legislation

By Matt Paprocki
08/16/2013
Today, Gov. Pat Quinn signed two pieces of legislation that result in greater budget transparency. The bills – House Bill 2947 and House Bill 2955 – which have both passed out of the Illinois General Assembly, mandate that the governor’s office posts the Illinois state budget online, and specifically identifies if there a budget surplus or a deficit within...

U.S. House committee subpoenas Illinois’ new ObamaCare exchange insurance company

By Jonathan Ingram
07/23/2013
As we reported a few days ago, one of the five companies participating in Illinois’ ObamaCare exchange is Land of Lincoln Health Inc., a startup funded by a $160 million federal loan to cover about 20,000 individuals in 2014. In Vermont, the federally funded Vermont Health CO-OP was denied its state insurance license, with a state regulator noting that the...

The path forward on pension reform: A fair solution for all stakeholders

By Chris Andriesen
06/16/2013
State Reps. Tom Morrison (R-Palatine) and Jeanne Ives (R-Wheaton) have proposed House Bill 3303, which is based the Institute’s pension reform plan. State Sen. Jim Oberweis (R-Sugar Grove) introduced a floor amendment to Senate Bill 2026, which is identical to House Bill 3303. The problem Illinois has the nation’s worst-funded pension systems. The unfunded liability currently stands at more...

Capitol Updates: May 6 week in review

By Jane McEnaney
05/11/2013
Both chambers were in session this week in Springfield. Moratorium on virtual schools passes out of committee On Tuesday afternoon, House Bill 494 passed out of the Senate Subcommittee on Charter Schools and was subsequently approved by the full Senate Education Committee. The Illinois Policy Institute’s Executive Vice President Kristina Rasmussen and Director of Education Reform Josh Dwyer attended both...

Budget Solutions 2014: Pension reform

By Ted Dabrowski, Benjamin VanMetre
02/27/2013
The only way to end Illinois’ pension crisis is to empower government workers by transitioning benefits for all future work to a defined contribution system.