Illinois Governor Approves Landmark Pension Reform
The governor’s signing today of this legislation is now law and will be effective January 1, 2024.
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The governor’s signing today of this legislation is now law and will be effective January 1, 2024.
Chicago's pensions aren't just worst-in-the-nation but are so by a wide margin, and with no realistic hope for improvement.
Activists who’d long opposed mayoral control over Chicago Board of Education appointments won a victory in 2021 when Illinois legislators voted to shift authority over the state’s largest school system to a board chosen by the people. Two years later, just before 1 a.m. on May 26 in the waning hours of the Senate’s session, many of those same lawmakers hurriedly passed an amendment extending ...
Illinois taxpayers should be contributing about $250 million more a year into teacher, state employee and university faculty pension systems in order to correct violations of federal tax law, according to a recently issued report.
The state General Assembly Retirement System board voted to strip former state Rep. Luis Arroyo of his more than $4,500-a-month state pension, citing state law that allows retirement benefits to be taken from ex-lawmakers if they commit felonies arising from their time in office.