With its pension funds are the most underfunded in the U.S., and a shortfall approaching $100 billion, Illinois lawmakers will meet again next week in hopes of fixing the problem. Solutions other states adopted as long as five years ago are on the table. They include higher retirement ages, asking workers to contribute more and switching to 401(k)-style plans.
Illinois Lt. Gov. Sheila Simon says funding for the state's veterans homes is being threatened by a growing public pension burden. Simon visited the Adjutant Illinois Veterans Home in Anna Thursday to celebrate the holiday season with residents and highlight the service the homes provide. The state operates homes in Anna, LaSalle, Manteno and Quincy but has cut funding for them.
The clock is ticking for Illinois legislators to come up with a law approving the concealed carry of weapons after a federal appellate court decided last week to throw out the state's ban on concealed guns. The legislature has 180 days to craft a new law and has the option of using a law already in place in one of the other 49 states.
City officials throughout Illinois are urging the state to appeal a court decision that would throw out Illinois' ban on concealed carry weapons. A federal appeals court ruled earlier this week the state’s ban is unconstitutional. The court gave lawmakers 180 days to come up with a law legalizing concealed weapons.
Illinois Attorney General Lisa Madigan is filing suit against a company for allegedly conning businesses into paying unnecessary fees with an official-looking letter. The bogus letters told companies to pay a $125 fee for an "annual minutes records form." Madigan's office says the letters were made to look like they were from the Illinois Secretary of State's office. Madigan says companies can toss the letters in the garbage because the fee isn't required by Illinois law.