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By Sara Burnett |
May 10, 2013
The state Senate committee says it offers the best chance at surviving an inevitable court challenge and getting out of its nearly $100 billion mess.
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By The Associated Press |
May 3, 2013
Gov. Pat Quinn says Illinois House lawmakers have taken the "biggest step to date" toward restoring the state's financial stability.
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By John O'Connor |
February 28, 2013
The top Illinois House Republican and the Democrats' pension point person proposed yet another solution Wednesday to the state's public retirement system debacle, one that signals the GOP's first concession toward shifting teachers' pension costs to local school districts.
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By Regina Garcia Cano and Sophia Tareen |
January 7, 2013
An attempt at solving Illinois' worst-in-the-nation pension problem faces its first test Monday as a House committee considers a plan calling for more employee contributions and freezing cost-of-living increases for retirees.
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By Sara Burnett |
December 26, 2012
The sponsors of a new proposal to fix Illinois' pension crisis say the plan would save the state $2 billion and reduce its unfunded liability by $30 billion next year— figures they hope will improve the plan's chances at the state capital.
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By Sophia Tareen |
December 20, 2012
Public employees cranked up pressure on lawmakers Wednesday to address Illinois' worst-in-the-nation pension problem, saying they'd be willing to contribute more money toward their retirements and plan to host a pension summit after the new Legislature is sworn in next month.
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By The Associated Press |
November 12, 2012
Gov. Pat Quinn says he hopes to fix the state's $85 billion pension mess through bipartisan cooperation, before a new Legislature is sworn in.
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By Sophia Tareen |
August 16, 2012
Illinois Gov. Pat Quinn insists lawmakers can fix the state's most urgent financial problem by passing a major pension overhaul in a single day, but he seems to be the only leader convinced it can be done so quickly.
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By Sophia Tareen |
July 31, 2012
Gov. Pat Quinn is calling lawmakers back for a one-day session to reform Illinois' ailing pension systmes, but didn't introduce any new ideas on breaking gridlock.
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By Sophia Tareen |
June 7, 2012
Officials remain divided over the next steps in solving an ever-increasing $83 billion funding gap in state retirement systems.