IL Supreme Court Rules Health Benefits Part of Pension

The IL Supreme Court today ruled that retirement health care benefits within the State pension systems are to be considered part of pension benefits that can not be constitutionally diminished or reduced. Paragraph 40 [Emphasis mine] ~ Although some of the benefits are governed by a group health insurance statute and others are covered by the […]

Gov Quinn Former Deputy Chief of Staff Overpaid in Retirement by Over $100,000 Per Year

In news broken yesterday by Bill Zettler, Director of Research for Family Taxpayers Foundation, discovered that the Gov Pat Quinn’s former Deputy Chief of Staff is receiving nearly $117,000 more per year than she is supposed to. Carolyn Brown Hodge retired in late 2009 after being fined for using state property to do political work. […]

Judge Halts Pension Reform

As many expected, a judge has issued a stay on the pension reform passed last December.  The case is likely to take a couple of years before it is decided at the Illinois Supreme Court. Here is a statement from the President of the Illinois AFL-CIO, Michael Carrigan: “This is an important first step in […]

Rockford Mayor: Illinois cities should be able to file for bankruptcy

SPRINGFIELD – Rockford Mayor Larry Morrissey said Wednesday that Illinois towns and cities would be in a better position to face their public safety pension obligations if they had the ability to file for bankruptcy. The statement came during a downstate and suburban mayors’ news conference held in Illinois’ state capitol. “If the state doesn’t give authorization […]

Chicago Unions Call for Tax Hikes Instead of Pension Cuts

By Hal Dardick A coalition of Chicago public sector unions resistant to a push by Mayor Rahm Emanuel for changes to the pension system released a report Monday that concluded that the city should focus on new or higher taxes instead of significant cuts to benefits. The We Are One Chicago group contended that cutting […]

Daily Herald Chooses Status Quo with Endorsement

The Daily Herald has chosen to endorse Kirk Dillard for Governor on the GOP side.  Let’s take a look at some of their reasoning [my comments noted by each]: Dillard worked for Edgar and was “without question he was a key architect, adviser and coordinator”  [They fail to mention Edgar made the then temporary tax increase […]

Rahm Emanuel Wants Springfield to Raise Property Taxes

With the city of Chicago facing a pension crisis of their own, Mayor Rahm Emmanuel is looking to Springfield for help. He wants the Michael Madigan and John Cullerton to get the legislature to raise property taxes so he doesn’t get the blame. Last Friday, the mayor held a 2.5-hour meeting with the Illinois House […]

More Pension Problems

 Crisis Caused by Springfield Career Politicians Continues – After touting a pension plan that allegedly saved the state $160 billion over thirty years, newly released bond documents expose major shortcomings in the overall scope of the new pension law. Not only does the pension plan save $15 billion less than was promised, but the documents […]

Illinois’ pension savings greater than originally forecast? Not so fast

You may be hearing about rosy new pension estimates coming out of Springfield, but don’t be too quick to bite. A memo recently released by legislative leadership points to “good news” coming from a new analysis of Senate Bill 1 to be included in Illinois’ upcoming bond offering on Feb. 6, 2014. The memo claims […]

Lawmakers at Odds over Pension Reform Savings

You can tell who is serious about pension reform and who is not with the comments when the actuarial analysis showed the following: 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 […]