Ill. pension fight could create deeper fiscal hole
If the deal is ruled unconstitutional, the state may end up owing its unions “a huge sum of money.”
Illinois pension fight likely shifting to courts
A bill to solve the state’s $100-billion pension shortfall faces a probable legal challenge by public-employee unions.
Ill. lawmakers taking up bill to fix pension mess
Legislators debate a proposal that could deeply reduce the retirement benefits of hundreds of thousands of workers and retirees.
Illinois legislators reach pension deal
However, passage of the proposal faces an uphill battle in the full House and Senate as well as a challenge from unions.
Ill. gov. suspends lawmaker pay over pensions
Gov. Pat Quinn vowed to not accept a salary himself until a deal has been reached.
Illinois’ bad credit costing taxpayers millions
The state faces higher borrowing costs due to its underfunded pension system.
Illinois Senate OKs union-backed pension deal
Yet lawmakers are still dickering over competing proposals for dealing with the nation’s worst state pension crisis.
Ill. committee passes union-backed pension plan
Illinois has the nation’s worst state pension crisis, due largely to years of lawmakers skipping or shorting their payments to the state’s five retirement systems.
Illinois Dragging Feet on Huge Pension Problem
Lawmakers will convene again the first week in January in hopes of fixing the nation's worst case of underfunding state employees' pensions, a problem approaching $100 billion and mounting by $17 million per day.