Chicago aldermen react to Mayor Rahm Emanuel's proposed pension plan as they will have to take the tough vote to raise property taxes. Paris Schutz has the details. Read an article.

Borinqueneers, Star Trek, Pensions & Frankie Knuckles

We share what you had to say about the mayor's proposed pension plan, the passing of Chicago house DJ Frankie Knuckles, the technology behind Star Trek, and our story about Puerto Rican soldiers in tonight's viewer feedback.
Is Chicago pension reform primed for passage? And will unions try to scuttle it? Paris Schutz has the details from Mayor Rahm Emanuel's news conference where teachers union officials attempted to disrupt the presser to state their opposition to pension reform. Watch a web extra video and read the city's proposed solution to pension funds.

Taxing Retirees

We share what you had to say about The Civic Federation's proposal to balance the state's budget by taxing retirees when we read some of our viewer feedback.
Just weeks before Gov. Pat Quinn is set to make his budget address, government watchdog group The Civic Federation releases a proposal it says will balance the state’s budget. The plan would pay down the state’s backlog, but would impose a tax on pension and social security income. Civic Federation President Laurence Msall and State Director for AARP Illinois Bob Gallo discuss how the proposal could affect retirees. Read the full report.
Eddie Arruza and his panel of journalists discuss Illinois’ pension reform overhaul. Watch the web extra video.
Unions representing city employees announce a coalition to protect pensions called We Are One Chicago. We discuss the details with Chicago Teachers Union President Karen Lewis and AFSCME's Anders Lindall.

Pension Reform Lawsuit

We share what you had to say about a recent pension reform lawsuit in tonight's viewer feedback.
A lawsuit was filed by a coalition of major public employee and teacher unions in Springfield today claiming the cost-of-living cuts, salary caps and raising of the retirement age is unconstitutional. Eddie Arruza and his guests discuss how the state can move forward with funding the pension gap. Read the full complaint from We Are One Illinois.

Boot Camp & Pensions

We share what you had to say about pension reform and Cook County boot camp labor in tonight's viewer feedback.
It turns out pension reform could save $15 billion less than legislative leaders initially anticipated. An actuarial analysis done by the pension systems affected by this bill say the real savings will be $145 billion, rather than the $160 billion originally advertised. Read an article.
After state lawmakers finally passed pension reform in December, Illinoisans could be forgiven for assuming the state is now on track to balance its budget. But a report out this week says the reforms don't do nearly enough to fix the state's budget gap. Two of the authors of the report join us to discuss their findings and the implications for the state.
Now that Gov. Pat Quinn has signed the bill to fix Illinois' underfunded pension system, will it be found unconstitutional? Carol Marin and her panel of experts explore the issue.
Carol Marin and her panel of guests look at Tuesday's historic pension vote in Springfield. View interactive graphics to see how Senate and House members voted on the bill, and read a Q&A with Republican Sen. Matt Murphy.
Pension reform passed the Illinois House and Senate today. Read official statements from politicians and policy institutes.
The Illinois House passes pension reform by 62-53-1. View an interactive vote graphic to see how each member voted.
 

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