- State News
Ill. Legislature OKs fix for $100B pension crisis
SPRINGFIELD (AP) — The Illinois Legislature approved a historic plan Tuesday to eliminate the state's $100 billion pension shortfall, a long-delayed decision proponents described as critical to repairing the state's deeply troubled finances but that faces the immediate threat of a legal challenge from labor unions.Continued ...
Pension plan goes to Illinois House, Senate
SPRINGFIELD (AP) — A bipartisan committee of lawmakers signed off Monday on an estimated $160 billion plan to deal with the state's underfunded public pension crisis, sending the measure to the Illinois House and Senate for consideration.Continued ...
Illinois lawmakers briefed on pension deal
CHICAGO (AP) — Illinois' legislative leaders briefed other lawmakers Friday on details of a breakthrough agreement for solving the state's $100 billion pension crisis, leaving them four days to study the plan before facing a vote that could be crucial for the state's financial condition and their own re-election plans.Continued ...
GOP governor candidates mostly quiet on pensions
CHICAGO (AP) — While an agreement on a pension reform deal comes as a boost to Gov. Pat Quinn's bid for re-election, most Republicans seeking his job are hedging their reactions to navigate politically tricky waters.Continued ...
GOP leaders: Illinois pension fix could come soon
CHICAGO (AP) — The top two Republicans in the Illinois Legislature said Tuesday they're hopeful their Democratic counterparts will soon have a plan to address the state's $100 billion pension crisis — a fix that could get a vote next week if enough lawmakers signal they will vote yes.Continued ...
Illinois House to convene next week on pensions
CHICAGO (AP) — Illinois House lawmakers are expected to gather in Springfield next week to approve a possible solution to the state's roughly $100 billion pension crisis.Continued ...
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- Ill. Legislature OKs fix for $100B pension crisis