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Subscribe to pensions
'500-pound elephant' left in Springfield
Jun. 3, 2013
After all the big talk, rare legislative proceedings and countless vows, Illinois lawmakers left Springfield having failed to deliver on a fix to the state's nearly $100 billion pension debacle, setting up an even more difficult road ahead.
State Senate rejects pension reform bill
May. 31, 2013
As Illinois lawmakers prepare Friday for their final day of the Spring session, the issue most say should be top priority received a blow Thursday evening.
Pension plan goes to Senate
May. 2, 2013
The Illinois House of Representatives took a major vote Thursday afternoon on pension reform.
What's next for Madigan's pension plan?
May. 1, 2013
An Illinois House committee approved a measure Wednesday that would change how the state pays for its severely underfunded pension systems. But the bill could face a harder vote in the state Senate.
Pensions take up nearly a fifth of Illinois' budget
Mar. 6, 2013
Illinois Gov. Pat Quinn is expected to announce Wednesday that the state will spend almost a fifth of its general budget on pension payments next year.
Report: Illinois finances in trouble
Feb. 25, 2013
A new report projects Illinois’ budget will go from bad to worse if legislators don’t address key issues.
IL lawmakers fail to pass pension reform
Jan. 9, 2013
Illinois legislators ended their session without addressing pension reform. Illinois Gov. Pat Quinn has said his top priority is dealing with the $95 billion debt.
Committee considers Illinois pension commission
Jan. 8, 2013
A House committee is considering a proposal to create a commission that could reform the public pension system without legislative input.
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