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Illinois fails to pass budget, plans to underfund pensions; report - Vimarsana News

Illinois fails to pass budget, plans to underfund pensions; report

SPRINGFIELD, Ill. (WTVO) — Lawmakers failed to pass a state budget on Friday, missing a planned May 19th deadline and extending the General Assembly’s spring session at least another week. Unfunded pension debts continue to present a problem in the budget, according to the Illinois Policy Institute, who estimate the state to underfund pensions by […]

Chicago elected school board map updated after criticism - Vimarsana News

Chicago elected school board map updated after criticism

An earlier version of the map was criticized for overrepresenting white Chicagoans, as white children are less likely to attend CPS.

Illinois Eyes Rare Pension Move for Firefighters—A Boost in Benefits - Vimarsana News

Illinois Eyes Rare Pension Move for Firefighters—A Boost in Benefits

An Illinois lawmaker is pushing to increase pensions for some Chicago city firefighters in an unusual move that highlights disparities between younger and older workers. State Sen. Robert Martwick is sponsoring a pair of bills that would boost benefits for some newer firefighters. In contrast, most

Source: wsj.com
Chicago's departing CFO issues warning against firefighter pension bill - Vimarsana News

Chicago's departing CFO issues warning against firefighter pension bill

The legislation impacts Chicago fire pensions, but it's stirring debate over costly fixes needed statewide to avoid running afoul of Social Security rules.

What is a pension? Proposed pension 'fix' could place additional burden on Illinois taxpayers, Illinois Answers finds - Vimarsana News

What is a pension? Proposed pension 'fix' could place additional burden on Illinois taxpayers, Illinois Answers finds

Pensions benefits could be scaled back for future retired public employees from new bill proposed by Illinois State Senator Robert Martwick.