Michael Madigan

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.

Read more
Politics
7:05 am
Wed October 9, 2013

IL Lawmakers Want Quinn's Appeal Rejected

Credit wikimedia.com

Illinois' top Democratic legislative leaders are asking the Illinois Supreme Court to reject Governor Pat Quinn's appeal of a lawsuit over legislative pay.

Quinn halted lawmakers' pay in July until pension reform was achieved. A Cook County Circuit Court judge ruled last month that the move was unconstitutional and ordered lawmakers to be sent back pay, with interest. An appeal is being reviewed by the state Supreme Court.

Read more
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.

Read more
Government
4:18 pm
Tue June 4, 2013

Quinn and Cullerton Meet Over Pensions

Gov. Pat Quinn and Senate President John Cullerton have met to discuss the stalemate over a solution to Illinois' pension crisis, but House Speaker Michael Madigan didn't show up.

Aides to all three leaders had no details on Tuesday's roughly hour-long meeting in Quinn's Chicago office. Neither Cullerton nor Quinn addressed reporters.

Both the House and Senate remained deadlocked on a solution to the nearly $100 billion problem.

Read more
Illinois Government
8:29 am
Thu July 19, 2012

Quinn says Solving Pension Problem is Imperative

wikipedia.org

Illinois Governor Pat Quinn says solving the state's pension problem is imperative, and he's warned lawmakers not to go anywhere next month.  Illinois has eighty-five billion dollars in unfunded liability when it comes to its pension systems. 

Read more
Government
9:35 am
Thu May 31, 2012

Top House leaders face off over budget, pensions

The top Democrat and top Republican in the Illinois House traded jabs yesterday in a heated confrontation over state budget issues. 

Read more
Education
9:31 am
Thu May 31, 2012

Madigan drops effort to shift pension costs

Illinois House Speaker Michael Madigan says he's dropping his proposal to make state schools and colleges pay employee retirement costs.  

Read more
Illinois Government
9:34 am
Wed May 30, 2012

Illinois House Panel Approves Pension Overhaul

A plan to cut government pensions and shift some retirement costs to schools has cleared its first hurdle in the Illinois Legislature.  A House pension committee approved the bill 6-3 yesterday.  

Read more