Regulation
Court Rejects Legal Challenge to Illinois Pension Consolidation
Judge rules that voting for pension board members is not considered a 'benefit' under the state’s constitution.
Tag: J. B. Pritzker
Newsmakers
New Illinois Law Authorizes $1 Billion in Pension Obligation Bonds and Extends Buyout Option
The law is the latest in a series of legislative moves to improve struggling Illinois pensions.
Pensions
Illinois Governor Signs Chicago Firefighters’ Pension Bill into Law
Critics say it will more than double the city’s annual pension costs to $30 million.
Market Moves
Plan to Merge Strapped Illinois Local Pension Plans Raises Doubts
The state, facing a big shortfall in its own retirement programs, tries to eke out savings from municipal plans.
Regulation
Chicago Governor Says No to Statewide Pension Crisis Fix
J.B. Pritzker claims a statewide pension consolidation would hurt the state’s credit rating.
Newsmakers
Illinois Reverses Course on Salary Cap Bill that Would Mitigate Benefits
Gov. Pritzker does an about-face on last year’s 3% cap.
Illinois’ New Governor Installs Two Pension Taskforces
State crisis gets worse with new fiscal budget revelation.