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Pension Reform

Ill. labor unions sue over plan to cut pensions

SPRINGFIELD | Some of the largest public labor unions in Illinois filed a long-awaited lawsuit Tuesday challenging the state's new pension reform law, a move that could delay implementation of the landmark measure and have major ramifications in upcoming elections.

January 28, 2014 12:10 pm
Leadership, re-election at stake in Quinn address

Leadership, re-election at stake in Quinn address

CHICAGO | With his top priority of pension reform inked into law, Gov. Pat Quinn is preparing for a critical election-year State of the State speech this week, needing to persuade lawmakers and voters he has the leadership skills to keep running Illinois.

January 27, 2014 8:00 pm
The Daily Fix

The Daily Fix

Offering perspective on today's issues

December 09, 2013 12:00 am

GOP, Dems now face pension vote fallout in 2014

SPRINGFIELD, Ill. | While Illinois Republicans have made solving the state's pension crisis their issue for years, far fewer GOP lawmakers than expected supported the watershed package of reforms passed by the Legislature Tuesday.

December 07, 2013 12:09 pm

Pension ruling could take years

SPRINGFIELD | It easily could be 2016 before Illinoisans know whether new changes to the state’s pension systems are legal, a University of Illinois law professor said Friday.

December 07, 2013 12:00 am

Quinn signs pension overhaul into law

CHICAGO | Gov. Pat Quinn has signed landmark legislation Thursday to reform Illinois' massively underfunded pension system, though the new law is certain to face threatened lawsuits by labor unions.

December 05, 2013 2:35 pm

Quinn awaits big paycheck

SPRINGFIELD | Illinois Gov. Pat Quinn is about to get a very fat paycheck.

December 05, 2013 2:07 pm

GOP leaders: Illinois pension fix could come soon

CHICAGO | The top two Republicans in the Illinois Legislature said Tuesday they're hopeful their Democratic counterparts will soon have a plan to address the state's $100 billion pension crisis — a fix that could get a vote next week if enough lawmakers signal they will vote yes.

November 26, 2013 8:45 pm

Illinois House to convene next week on pensions

CHICAGO | Illinois House lawmakers are expected to gather in Springfield next week to approve a possible solution to the state's roughly $100 billion pension crisis.

November 26, 2013 12:00 am

Illinois leaders meeting to discuss pension overhaul

SPRINGFIELD | The search for a way out of Illinois’ pension mess will continue today when the state’s legislative leaders meet in a closed-door negotiating session in Chicago.

November 21, 2013 12:00 am

Lawmakers might return Dec. 5 to deal with pensions

SPRINGFIELD | Illinois lawmakers are penciling in Dec. 5 on their calendars as a possible date for a return trip to the Capitol.

November 08, 2013 8:15 pm

Chicago mayor presents $6.97B budget to council

CHICAGO | Chicago Mayor Rahm Emanuel outlined his proposed $6.97 billion budget Wednesday, but warned that if state lawmakers don't enact pension reform before the city's own obligations surpass more than $1 billion next fiscal year, Chicago would be such an expensive place to live and work …

October 23, 2013 2:46 pm

Cullerton: Pension issue could bypass committee

CHICAGO | Senate President John Cullerton is expressing optimism that the Illinois pension crisis could still be worked out during the fall legislative session, even if the committee tasked with solving the crisis remains split.

October 15, 2013 3:19 pm

Quinn stops short of endorsing pension deal

CHICAGO | Gov. Pat Quinn expressed hope Friday about an evolving $138 billion savings plan to solve Illinois' public pension problem, but he stopped short of fully endorsing it.

October 04, 2013 2:20 pm

Quinn won't support ADM tax breaks

CHICAGO | Gov. Pat Quinn said he will veto any legislation with special tax incentives to get Archer Daniels Midland Co. to keep its global headquarters in Illinois until legislators approve a fix for the state's nearly $100 billion pension crisis.

October 04, 2013 1:30 pm

Judge denies Quinn bid to keep lawmaker pay freeze

CHICAGO | Gov. Pat Quinn lost two attempts Friday to stop legislators from being paid while he appeals a court ruling that determined it was unconstitutional of him to freeze the money in an effort to get lawmakers to solve Illinois' pension fund problem.

September 27, 2013 8:00 pm
Chicago Teachers Union calls layoffs 'shameful'

Chicago Teachers Union calls layoffs 'shameful'

CHICAGO | Chicago Public Schools and city leaders say the state's failure to enact pension reform is to blame for the district laying off more than 2,100 employees — a cut that one legislator described Friday as "more dramatic than anything the state has seen" during its long-festering, near…

July 19, 2013 7:00 pm Photos

Photos

Quinn says pension debt growing at slower pace

CHICAGO | Gov. Pat Quinn says Illinois' massive pension shortfall is growing at a slower pace of $5 million a day.

June 29, 2013 1:49 pm

Quinn: Lawmakers must 'do their job,' fix pensions

CHICAGO | Gov. Pat Quinn sought Friday to pin responsibility for solving Illinois' nearly $100 billion pension crisis squarely on the General Assembly, saying lawmakers must "do their job" and come up with a deal before a special legislative session later this month.

June 07, 2013 10:15 pm

Slow movement on answer to Illinois pension crisis

SPRINGFIELD, Ill. | With just days before an end-of-session deadline, lawmakers have only inched toward a solution for Illinois' nearly $100 billion pension problem.

May 29, 2013 9:15 pm
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