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Illinois Governor Approves Landmark Pension Reform - Vimarsana News

Illinois Governor Approves Landmark Pension Reform

The governor’s signing today of this legislation is now law and will be effective January 1, 2024.

No Hope In Sight For Chicago's Worst-In-The-Nation Pension Plans - Vimarsana News

No Hope In Sight For Chicago's Worst-In-The-Nation Pension Plans

Chicago's pensions aren't just worst-in-the-nation but are so by a wide margin, and with no realistic hope for improvement.

Source: forbes.com
Delay in Chicago's elected school board map could put grassroots candidates at a disadvantage - Vimarsana News

Delay in Chicago's elected school board map could put grassroots candidates at a disadvantage

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 ...

Source: yahoo.com
Illinois taxpayers on hook for $5.6 billion pension fix - Vimarsana News

Illinois taxpayers on hook for $5.6 billion pension fix

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.

Pension sripped from former state Rep. Luis Arroyo over bribery conviction - Vimarsana News

Pension sripped from former state Rep. Luis Arroyo over bribery conviction

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.