Attention, Illinois school boards: If you spike pay for retiring teachers and administrators to boost their pensions, your taxpayers will get the bill. The rules just got a little tighter. Gov. Bruce Rauner signed legislation last month as part of a $38.5 billion state budget agreement that further...
Another Whack At Illinois Pension Spiking. Good.
Editorial Board, Chicago Tribune
Sun, 06/24/2018 - 10:00pm
BING NEWS:
- States With the Worst Pension Debt in the Nation
Fitch Ratings issued a report comparing the pension debt in each state to personal income. Connecticut had the highest ratio, at 23 percent, while Tennessee was the best at 1 percent.
11/25/2024 - 1:47 pm | View Link - Illinois’ pension debt to personal income ratio second worst in nation
Illinois’ pension debt compared to personal income is the second worst in the nation. Fitch Ratings reviewed pension funds for public employee retirees from every state. “In aggregate, states had $924 ...
11/23/2024 - 2:21 am | View Link - Illinois needs responsible Tier 2 pension reform
Illinois is at risk of getting in costly trouble with the federal government over its Tier 2 public employee retirement benefits. Here’s a solution that doesn’t make the state’s monstrous public ...
11/14/2024 - 9:37 am | View Link - Teachers, cops, firefighters and other public sector employees rally at Illinois capitol for pension fix
Public employees descended upon the Illinois state capitol Wednesday calling on lawmakers to fix a pension system they believe is not working.
11/13/2024 - 2:50 pm | View Link - Lawmakers confront costly choices as state workers rally for better pension benefits
As a nurse in her 30s, Kristen Perez cringes at the prospect of working until she’s almost 70. But because of changes made to the state’s massively underfunded pension system 13 years ago, employees ...
11/13/2024 - 11:53 am | View Link - More
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