Pension
The Illinois Senate passes pension reform by 30-24-3. View an interactive vote graphic to see how each member voted.
The pension reform bill passes both the Illinois House and Senate. Carol Marin and Paris Schutz join us live from Springfield with the details. View interactive graphics to see how Senate and House members voted on the bill.
Known for holding their rank and file members’ feet to the fire, Illinois legislative leaders were on the hot seat early Tuesday morning. House Speaker Mike Madigan, House Minority Leader Jim Durkin (R), and Senate Minority Leader Christine Radogno (R) testified about the merits of their pension reform compromise before a panel of lawmakers in a prelude to today's big vote. Read an article.
Illinois lawmakers return to Springfield this week to vote on pension reform. Carol Marin and her guests discuss the deal, and what it would mean for employees. Read the full Conference Committee Report on Senate Bill 1 and details of the proposal.
Legislative leaders officially released their pension plan today. It includes reduced cost of living raises, including years where retirees won’t get any raise, and aims for full funding of the systems by 2044. Read the full proposal.
Before he knew the contents of the final pension deal reached this afternoon, University of Illinois President Robert Easter warned his faculty in a memo that upcoming pension reform could be “onerous for public employees.”
The four legislative leaders in the Illinois General Assembly say they have struck a long-awaited deal to reform the state’s woefully underfunded public pension system. Read an article.
Have Illinois leaders, at long last, come to a pension deal? Will it pass? Paris Schutz has the story.
A pension reform bill for Chicago Park District employees awaits Gov. Pat Quinn’s signature. We hear how compromise was reached on the hot button issue. SEIU Local 73 President Christine Boardman joins us.
The Legislative Veto session is winding down. If something is to get done this year on the big ticket items like pension reform, marriage equality and mandatory minimum prison sentences for gun offenders, it has to happen in the next three days. Which of these will get done and which will get put off yet again? Paris Schutz has the details.
Members of the pension committee join us to talk about the likelihood of the state's $97 billion dollar pension problem getting resolved during next week's veto session.
Will the General Assembly solve the $100 billion pension problem? What is happening in the race for Illinois Governor? And, will same-sex marriage pass during the second week of the Veto Session? Carol Marin and her panel of guests break down what’s happening in Springfield.
The eight aldermen that form Chicago City Council’s self-styled “Progressive Caucus” have a novel approach to solving the city’s pension crisis: convene a panel of city workers, elected officials, and fund managers to come up with a long-term solution. Read an article.
What are the odds that pension reform, same-sex marriage, and gambling will be passed in the coming months? WUIS Statehouse Bureau Chief Amanda Vinicky looks ahead to the Springfield veto session.
The president and CEO of the mutual fund association, Investment Company Institute (ICI), talks with us about retirement savings and how to plan for the future. View graphics of his research.
The Illinois General Assembly will tackle pension reform, marriage equality and tax credits for businesses during its fall legislative session. Carol Marin takes a look at the issues with members of the General Assembly.