pension

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500 Illinois State Troopers Missed Payday

A spokesman for the comptroller’s office attributed the problem to employees on direct deposit having changed banks recently.

07/23/2015

Illinois State Capitol (Henryk Sadura/Getty Images)

Illinois Justices Overturn State’s Landmark 2013 Pension Law

Illinois Supreme Court on Friday struck down a 2013 law that sought to fix the nation’s worst government-employee pension crisis, a ruling that forces the state to find another way to overcome a massive budget deficit.

05/08/2015

Illinois Capitol

Illinois Lawmakers OK Plan to Fix $100B Pension Crisis

The House voted 62-53 in favor of the plan, sending it to Gov. Pat Quinn, who has said he will sign it. The Senate approved the measure 30-24 just minutes earlier.

12/03/2013

Illinois Capitol

Illinois Lawmakers Scramble to Digest Pension Bill

A growing chorus of conservatives made statements in opposition to the proposal they say is being rushed through. A draft of the 325-page legislation was distributed Sunday and Monday.

12/02/2013

Illinois Capitol

Illinois Legislators Reach Pension Deal

After more than five months of work, Illinois’ legislative leaders announced Wednesday they’ve reached a deal to help solve the state’s $100 billion pension problem, considered the nation’s worst.

11/27/2013

Ill. Gov. Pat Quinn. (Photo: Scott Olson/Getty Images)

Illinois Gov Tries to Stop Lawmakers Pay Until Pension Crisis is Fixed

Gov. Pat Quinn said he would use his line-item veto power in a budget bill that’s on his desk, also vowing to not accept a salary himself until a compromise has been agreed.

07/10/2013

Illinois Capitol

Illinois Ends Fiscal Year $6.1 billion In Red

Republican Comptroller Judy Baar Topinka warned that Illinois’ spring influx in unanticipated tax revenue will be short lived because of the state’s unresolved pension problem.

07/01/2013

Senate voted in favor 32-25

Illinois House Speaker Plans New Vote on Pension Plan

Michael Madigan is planning a fresh vote on his plan to overhaul the public-employee pension system, despite a request by the governor.

06/12/2013

Slow Movement on Answer to Illinois Pension Crisis

With just three days to go, lawmakers are inching along on a solution to Illinois’ nearly $100 billion pension crisis

05/29/2013

Springfield, IL

Illinois Senate Committee Approves 2 Pension Proposals

Two somewhat similar pension proposals moved out of a top committee Wednesday in hopes of generating momentum on addressing Illinois’ worst-in-the-nation pension problem.

03/14/2013

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