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More than half of Illinois’ largest cities have severely underfunded pension funds, according to a new report from libertarian-leaning group Wirepoints.
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A program designed to curb Illinois’ pension debt is now underway. Early numbers show more Illinois state employees than expected are choosing to take a...
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The Illinois legislature overwhelmingly passed a full year budget Thursday. It includes a few plans to cut down on the state’s massive pension debt.
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Between a new state pension plan and Governor Bruce Rauner's amendatory veto of the Democrats' school funding plan, some school districts would be in for…
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Illinois lawmakers are working on a budget for next year, but the state has gone nine months without a budget for this year. Governor Bruce Rauner's...
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A new pension plan introduced Thursday by Republican Governor Bruce Rauner as a bipartisan deal immediately crashed and burned.
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Even with all of its fiscal troubles Illinois will have to put nearly $8 billion into its retirement systems next year -- that's a quarter of the state...
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Illinois might not be done with the 2013 law reducing state employees’ pensions. Attorney General Lisa Madigan appears to be preparing an appeal to the…
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It took legislators years of talking about Illinois' pension problem before they did much about it. There was a 2011 law that affects state employees,...
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The Illinois Supreme Court struck down legislation that tried to cut retirement benefits for thousands of state workers. In a unanimous decision, the high…