Illinois pension crisis

Drastic Changes
5:35 pm
Thu May 2, 2013

Pension Overhaul Passes Illinois House

Illinois House Speaker Michael Madigan

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.

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Bill Knight – March 21
11:04 am
Wed March 20, 2013

Proposals and Polls about Pension Reform

Bill Knight

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.

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Still No Agreement
6:48 pm
Thu February 28, 2013

Illinois Pension Reform Plans Go Nowhere Fast

It was billed as a "day of pensions" in the Illinois House. But it turned into about a half-hour's worth as Illinois lawmakers continue having a hard time confronting the state's $100 billion problem.

There were four proposals reviewed on February 28, each more harsh than what's been discussed in other pension overhauls.

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Bill Knight - September 6
11:51 am
Wed September 5, 2012

The Roots of the Illinois Pension Crisis

Bill Knight

Most Illinoisans seem torn between anger about state pensioners supposedly getting rich off taxpayers, and concern about state-worker neighbors caught between incompetent lawmakers and greedy credit agencies in cahoots with big banks. The real debate should be one timid types in Springfield (or Washington) avoid: What do citizens want government to do and how will it be funded?

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