Tagged: Illinois pension crisis

Although they're facing budget cuts, universities and community colleges have said they're willing to begin taking on employees' pension costs.

A state lawmaker from Western Illinois says the Senate version of pension reform can make it through both chambers of the general assembly.

The Illinois House of Representatives has approved a massive overhaul of state pensions.

It's the first time the House has passed such a plan after more than a year of negotiating and many failed attempts.

Most Illinois House members recently backed a measure to limit the salary on which public employees’ retirement benefits could be based. One of a few proposals to address the state’s $96 billion pension shortfall, it was seen as a test vote as lawmakers grapple with some way to make good on years of the legislature failing to make its payments.