4 things to watch for in Pritzker's budget address
What ultimately is included in the governor's budget proposal won't be revealed until Feb. 21, but requests are already beginning to trickle out.
Source: yahoo.com
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Illinois Supreme Court allows continued consolidation of downstate fire, police pensions
Gov. JB Pritzker signed the pension consolidation law, receiving bipartisan support, in 2019 following decades of negotiations.
Source: yahoo.com
Part-time SC lawmakers receive big pensions from taxpayers | Commentary
Cindi Scoppe writes that GARS, the General Assembly Retirement System, is being phased out but former legislators still grow their pensions at public expense.
Source: postandcourier.com
After conviction, ex-Ald. Ed Burke gets pension bump; former Speaker Mike Madigan now in line for hike before new trial date
Only days after being convicted in a sweeping federal corruption case, former Ald. Ed Burke began the new year by collecting a bigger pension check courtesy of an automatic hike that former House Speaker Michael Madigan is also all but guaranteed to get now that his own corruption trial was recently postponed until fall. Burke, Chicago’s longest-serving alderman, stands to collect nearly ...
Source: yahoo.com
With deadline looming, is public pension funding heading in the right direction?
Most public pension systems in Illinois are facing a looming deadline to reach a 90% funded ratio within a few decades. That’s required most employers to increase required contributions. But despite...
Source: dailyherald.com