Tagged: pensions

Retired state employees and teachers would see their pensions reduced under the latest measure approved in the Illinois House. The plan restricts the cost of living adjustments retirees receive, applying the bumps only to a retirees' first $25,000 in pension benefits.

A pair of pension measures met success in the Illinois House. It's the first time the House passed legislation that could have a significant impact on state employees' retirement benefits, as well as that of teachers and university workers.

WNIJ will carry the Governor's address today at noon

It is an opportunity for the Chicago Democrat to boast of his accomplishments and set the stage for his budget address in the coming weeks. Senator Mike Jacobs, a Democrat from East Moline, says he believes Quinn has done a good job despite difficult circumstances.