CHICAGO (AP) – Gov. Bruce Rauner’s administration says a pending move by Illinois’ largest public-pension fund could increase the state’s required payment by hundreds of millions of dollars. It says that would have a “devastating impact” on education and social services. The Teachers Retirement System board is scheduled to vote Friday on whether to adjust…
SPRINGFIELD, Ill. (AP) – Illinois lawmakers want to hold additional hearings to discuss how to proceed with a pair of similar bills aiming to deal with the state’s pension debt. The state House Personnel and Pensions Committee held its first meeting Monday on the two proposals. Members of the committee said more hearings needed to…
CHICAGO (AP) – Republican Gov. Bruce Rauner wants lawmakers to address Illinois’ worst-in-the-nation pension crisis “right away.” But despite a rare agreement between Rauner and Democratic Senate President John Cullerton, it’s unlikely a bill will advance anytime soon. Cullerton says it’s tougher than usual to pass a pension bill this year. That’s because of upcoming…
CHICAGO (AP) – Republican Gov. Bruce Rauner says he backs a top Democrat’s proposed pension overhaul as long as it includes a union-weakening provision on collective bargaining. Rauner told reporters Thursday he spoke to Senate President John Cullerton and they agreed to move forward. However, both sides quickly disputed the specifics. Cullerton says Rauner misrepresented…