Monday, May 13, 2013
Illinois state officials, non-profit administrators and union representatives will offer perspectives during the Illinois Pension Forum starting 4:30 p.m. Monday in Orland Park. Join us for our live blog and weigh in.
A forum on Illinois pension issues will be held 4:30 p.m. Monday at Century Junior High, 10801 W. 159th St. in Orland Park. The following people are scheduled to speak: Join us for our live blog and offer your own thoughts on the points discussed. Patch’s live blog through Cover It Live will provide minute-by-minute updates from the meeting on this page starting at 4:30 p.m. Look in the Cover It Live window above, and you’ll see an area where you can join in and offer your comments and questions. The same rules apply as on finished articles on the site. - - - - - - - - - - - - - - - Join Patch! Create a free user account and join the discussion about the future of the area. You'll be subscribed to the free daily newsletter and breaking …
Friday, May 3, 2013
The Illinois House Thursday approved a controversial plan to eliminate the state's $100 billion pension debt.
By Steven Jack The Illinois Senate may soon vote on House Speaker Michael Madigan’s pension reform plan that passed the House Thursday. The bill passed by a vote of 62-51 and seeks to eliminate the state’s $100 billion retirement system debt. Illinois ranks dead last in the nation when it comes to funding its public pension plan, according to WBEZ. The bill asks state workers for less in future cost-of-living increases, an increase in the retirement age for workers under the age of 46 and asks for more money to be taken from state employee paychecks. The bill may have difficulty making it through the Senate where Senate Leader John Cullerton supports a different plan that gives workers the option of pay increases or government-funded …
Saturday, December 15, 2012
The representatives and senators leaving office in January 2013 will see millions of dollars in pension payments, figures far more sizable than they would've seen in the private sector.
Are you worried about your own retirement? With the downturn in the economy, did your 401k and savings take a big hit? If so, you're like millions of other Americans forced to confront a dramatically different outlook for their post-work years. But one group of pensioners is largely insulated from such concerns — outgoing Illinois lawmakers. The retirement benefits Illinois legislators receive are far more generous than those most of their constituents could collect working full-time jobs, reports Scott Reeder of the Reeder Report, using data from an Illinois Policy Institute analysis in a piece published on Watchdog.org. The anticipated pension benefits of the 34 lawmakers who will depart the state legislature in January show these …
ep concerned
9:25 am on Saturday, May 4, 2013
I'm wondering what cuts and sacrifices the State Reps take? Even if they do is it comparable to what the middle class average state worker has to take? How about Quinn? What's he taking?or not taking. I hope the union fights this and wins. That way the reps and governor can take the cuts let's start there. They always have to screw over the little man. more ›