There are two things everyone in Illinois should understand about the pension bill that Illinois Gov. Pat Quinn just signed. First, it ultimately will make the state's poor fiscal condition even worse. Second, the legislation fails to address the problem that led to the pension systems being
Comcast Sports Net Chicago: As reported by the Springfield State Journal-Register, the Center for Tax and Budget Accountability developed a formula to calculate estimated changes in retirement income over the years for a number of different scenarios
State Journal-Register: The Center for Tax and Budget Accountability has developed a formula to calculate estimated changes in retirement income over the years, based on the best...
Public employees could see significant reductions in long-term retirement income under a proposed bill that Illinois legislative leaders are pushing as a way to solve the worst-in-the-nation pension crisis.
Public employees could see significant reductions in long-term retirement income under a proposed bill that Illinois legislative leaders are pushing as a way to solve the worst-in-the-nation pension crisis.
cbs4qc.co: The Center for Tax and Budget Accountability has developed a formula to calculate estimated changes in retirement income over the years if the bill passes.
San Francisco Chronicle: The Center for Tax and Budget Accountability has developed a formula to calculate estimated changes in retirement income over the years if the bill passes.
The Illinois House and Senate have passed the pension reform bill, a major overhaul aimed at addressing Illinois' $100 billion pension crisis.
Pensions, Accountability, and Comprehensive Tax Reform — A Resolution Unanimously passed by the Faculty Senate of Eastern Illinois University
State Senate President John Cullerton claimed that the state pension crisis isn’t really a crisis at all. “John is right, in the sense that the big problem is the loss of $5.2 billion in revenue against a budget deficit that stands today at $8.9 billion,” said Ralph Martire, executive director