Illinois Pension Crises

Government
7:12 am
Thu November 7, 2013

IL Legislature Set To Fix Pension

Illinois House Speaker Michael Madigan says he's prepared to pass a "meaningful" pension reform bill, and he hopes it will happen before the end of the year.

The Democrat says legislative leaders are waiting for actuaries to crunch numbers on some proposals they're considering.

The House Personnel and Pensions Committee yesterday approved a measure that lawmakers could amend with a pension deal.

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Politics
6:48 am
Wed October 23, 2013

IL Legislature Prepares For Second Day In Session

Credit wikipedia.org

Illinois lawmakers are returning to the state capitol for a second day of their annual fall veto session. After getting off to a sputtering start, today’s schedule is expected to include a hearing on gambling and requests by state agencies looking for additional money.

Horsemen and officials from the Illinois racetracks want lawmakers to legalize online betting.

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Politics
6:18 am
Fri October 4, 2013

IL Pension Deal Uncertain As Veto Session Nears

A proposed solution to Illinois' historic $100 million pension crisis is hanging in the balance as the state Legislature's October veto session approaches.

Key Democrats on a pension panel are pushing a plan to save the state $138 billion over the next 30 years, but Republican lawmakers want a number of changes.

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