pension bill

Ryland Barton

  Kentucky’s Democratic attorney general says he’ll go to court to challenge the pension overhaul bill passed by lawmakers in the Republican-controlled General Assembly Thursday night.

Matt Markgraf, WKMS

A new bill proposing to reform the state's pension systems was unveiled last month in the Kentucky Senate. The bill differs from the one Governor Matt Bevin proposed last year. On Sounds Good, Matt Markgraf speaks with representatives of the Calloway County Retired Teachers Association to understand some of the differences, how they affect current and retired teachers, why pension liabilities keep increasing in higher education and how the new bill could affect local economies.

Stu Johnson, WEKU News

Union workers in school support staff positions from Louisville were among those Wednesday expressing concern about the latest pension reform legislation.

LRC, Public Information

  Republican State Representative Lynn Bechler of west Kentucky said he believes former House Speaker Jeff Hoover’s sexual harassment scandal might “torpedo” the proposed pension reform bill.

The Illinois Supreme Court today struck down a recently passed law designed to fix the nation's worst funded public pension system, putting Illinois lawmakers and the state's new Republican governor back to square one as they try to solve a huge state budget crisis.

The law enacted in December 2013, would have eliminated annually occurring 3% cost of living increases in pension benefits. It also would have upped the retirement age for state workers and limited the amount of salary that could be used to calculate pensions.

Wikimedia Commons

Illinois lawmakers are bringing a new proposal on the table to fix the state’s multi-billion dollar pension crisis. Democratic Representative Elaine Nekritz and about a dozen other lawmakers are expected to announce new legislation today to repair Illinois' $95 billion pension liability. The plan calls for raising employee contributions and a tiered retirement age. It also would shift some of the costs for teachers' pensions to school districts.

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

Illinois House Panel Approves Pension Overhaul

May 30, 2012
iStockPhoto

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.