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.
Tag: J. B. Pritzker
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.