SPRINGFIELD, Ill. | Illinois' state universities and community colleges have agreed to gradually start picking up their own retirement costs under a preliminary deal that emerged at a public hearing Thursday, a step forward on a concept that's been debated by lawmakers for more than a year.
SPRINGFIELD, Ill. | State lawmakers inched along Thursday with ideas aimed at solving Illinois' nearly $100 billion pension crisis as three different proposals — including a bipartisan plan — saw movement.
CHICAGO | Illinois Senate President John Cullerton said Monday that he'll push forward with a pension overhaul "as quickly as possible" and that the timing is right to legalize gay marriage and possibly expand gambling, previewing what could be a packed spring legislative session.
CHICAGO | Standard & Poor's has lowered Illinois' credit rating due to concern over the state's failure to address its $96 billion pension fund deficit.
SPRINGFIELD | Rank-and-file lawmakers frustrated by slow progress and finger-pointing offered their own solution to Illinois' multibillion-dollar pension crisis Wednesday, saying legislators need to take a new approach before the state is sent into "financial oblivion."
CHICAGO | Reaction to Gov. Pat Quinn's online campaign to excite Illinoisans about pension reform is prompting scathing criticism, mock Facebook and Twitter sites and some praise.
CHICAGO | Warning of unprecedented fiscal woes, Illinois lawmakers put public-sector unions on notice Thursday that they are considering a measure to cap wage increases.
SPRINGFIELD | Despite making big gains in Tuesday’s balloting, Democratic leaders say they’ll still need Republican support when it comes to fixing the state’s pension mess.
CHICAGO | A proposed amendment to the Illinois Constitution that would have made it more difficult to expand public employee retirement benefits has failed.
CHICAGO | Chicago Mayor Rahm Emanuel says he will expend as much political capital as necessary to push for pension reforms, but that lawmakers in Springfield need to "get in gear."
SPRINGFIELD | In a move that could blow an even bigger hole in next year’s budget, the state’s largest employee pension system Friday lowered its expected rate of return on investments.
SPRINGFIELD, Ill. | Sen. Mark Kirk has released a video calling for "decisive bipartisan action" to prevent further reductions in Illinois' credit ratings.
SPRINGFIELD | The chances of quick action on Illinois' pension problems are growing slimmer.
SPRINGFIELD | Anyone wondering what Gov. Pat Quinn might do to rally support for an overhaul of the state’s pension systems need look no further than the governor’s own website.
SPRINGFIELD | From trying to make it easier for citizens to amend the state constitution to ginning up opposition to an electric rate increase, Illinois Gov. Pat Quinn has spent decades cultivating a populist image.
CHICAGO | Gov. Pat Quinn insists lawmakers can fix the state's most urgent financial problem by passing a major pension overhaul in a single day.
CALUMET CITY | State Rep. Thaddeus Jones, D-Calumet City, said he won't vote in favor of the pension reform proposal before the Legislature when it convenes Friday but will likely support expelling a member who faces federal bribery charges.
SPRINGFIELD, Ill. | State lawmakers will vote on reforms to trim public sector pension costs when they return to Springfield for a special session this month, but the legislation is limited in scope and does not include one of Gov. Pat Quinn's key proposals for addressing Illinois' most seri…
SPRINGFIELD | An Illinois House panel is scheduled to discuss a plan today that could divert more than a billion dollars from local governments to help plug a hole in the state’s underfunded teacher retirement system.
SPRINGFIELD, Ill. | Chicago Mayor Rahm Emanuel brought his clout and high profile to the public pension debate Tuesday by advocating money-saving changes to city retirement plans and — importantly for Gov. Pat Quinn — shining a light on similar troubles at the state level.
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