A new research report is giving more than half of all Illinois cities an “F” for their local pension situation. Wirepoints conducted the research from 2003 to 2019. It’s a dramatic increase as 102 of Illinois’ 175 larger cities included in the report received... Read More.
Gov. Bruce Rauner today urged the Illinois General Assembly to make comprehensive pension reforms and use the savings to give the people of Illinois a nearly $1 billion tax break. The prompt came during the governor’s annual budget address to legislators where he... Read More.
Before the Illinois General Assembly adjourns for the summer, lawmakers should pass Senate Bill 1012, a bill that gives state workers an escape from Illinois’ flailing pension system. State Sen. Dale Righter, R-Mattoon, is the sponsor of the bill, which would do... Read More.
Legislation to stop pension costs from draining critical state taxpayer resources away from schools, universities, and important programs is being sponsored by State. Sen. Dale Righter (R-Mattoon). Righter’s Senate Bill 1012 would require any new employee hired after July 1, 2018 receive a... Read More.
Illinois’ massive unfunded pension liability is well-publicized, but new data show that taxpayers are actually on the hook for billions more in other retirement-related debt as well. Illinois’ total state and local retirement-related debt is $267 billion, according to a new analysis by the... Read More.
Momentum is building for the compromise pension bill introduced by Senators Connelly and Tracy to make statewide changes to Illinois’ pension system, while providing Chicago Public Schools $215 million to close its budget deficit for one year. Here is what people are saying:
Governor Rauner released a video message Thursday encouraging the General Assembly to take swift action on legislation that would enact statewide pension reform while delivering Chicago Public Schools the $215 million it has requested from the state. The Governor has pledged to... Read More.
Illinois Secretary of Education Beth Purvis today called on Chicago Public Schools (CPS) to support legislation being filed by Senators Michael Connelly and Jil Tracy, which would enact statewide pension reform while providing CPS with $215 million for its pension payment. “At... Read More.