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The City of Chicago is preparing to make its final case to the Illinois Supreme Court that changes to some of its underfunded pension systems are…
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Another lawsuit over a pension law was filed this week in Illinois, this time seeking to strike a law that reduced Chicago Park District pensions. That…
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Illinois state lawmakers are warning key figures in Chicago and Cook County governments to draft back-up plans for their underfunded pensions.Chicago…
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Cook County Board President Toni Preckwinkle is pushing to restructure the retirement benefits of county employees. But she needs Springfield’s help to do…
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Chicago’s top lawyer is defending the city’s pension plan, even as an investor service is downgrading the city’s bond rating.The city owes billions in…
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Oral arguments on whether state law passed in 2013 will stand were held Wednesday before the Illinois Supreme Court. The law reduces benefits for public…
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It's been more than a year since Illinois passed a major overhaul of government-employee pensions. Today, the law goes before the state Supreme Court. The…
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Although one court has tossed out Illinois’ mega pension overhaul, state leaders are likely to wait on another legal opinion before deciding what to do...
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Politicians, public employee unions and others spent the last several years focused on pensions. Illinois racked up a $100 billion unfunded liability --…
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Legislators passed a law overhauling the state's retirement systems. Soaring pension debt remains a concern. The law's constitutionality is also in…