640px-Flag_of_Illinois.svg

LIVESTREAM: Illinois Supreme Court – Pension Arguments

UPDATE [3:30 PM CST]: The arguments have concluded, but you can still watch the full proceedings by clicking the video above, or by clicking here. The action begins at around the 15:00 mark of the video.
640px-Flag_of_Illinois.svg

How Would Illinois’ Supreme Court Pension Ruling Affect Public Schools?

Arguments will soon be underway in the lawsuit challenging the constitutionality of Illinois’ 2013 pension overhaul. Many observers expect the state Supreme Court to uphold the opinions of lower courts and rule the pension law unconstitutional. If the law were overturned, what would it mean for Chicago Public Schools? In a column in the Chicago Tribune ...
chicago

Chicago Pension Lawsuits Put on Hold Pending Supreme Court Ruling

Two lawsuits, both challenging the legality of recent pension reforms enacted by Chicago, have been put on hold until the Illinois Supreme Court rules on the state’s pension overhaul. The plaintiffs filed the motion to put the lawsuit on pause, and it was approved on Thursday. More from Reuters: Lawsuits seeking to void a law aimed at shoring up ...
Bruce_Rauner_August_2014

Documents: Illinois Gov. Rauner’s Budget Will Recommend Pension Cuts

Illinois Gov. Bruce Rauner will give his budget address on Wednesday afternoon. He’ll announce a number of cost-cutting proposals, and pensions are sure to be featured. What specifically does Rauner have in mind for the state pension system? Greg Hinz of Crain’s Chicago Business got a hold of budget documents that hint at Rauner’s plans. From ...
640px-Gfp-illinois-springfield-capitol-and-sky

Video: Understanding the Illinois Pension Problem [Part 2]

Here’s attorney Matthew Benson, with his second video exploring how Illinois’ pension system got to where it is today, the severity of its underfunding, and whether workers could be affected by reforms. View Part One here.   Photo credit: “Gfp-illinois-springfield-capitol-and-sky” by Yinan Chen – www.goodfreephotos.com ...
271px-Flag_map_of_Illinois

Video: Understanding the Illinois Pension Problem [Part 1]

Here’s attorney Matthew Benson, offering a concise explanation of how Illinois’ pension system got to where it is today, the severity of its underfunding, and whether workers could be affected by reforms.
8272206292_19053fee0e_z

Illinois Universities Pension Hires Search Firm to Find New Executive Director

William Mabe, executive director of the State University Retirement System of Illinois (SURS), announced in September that he would be retiring on March 31. SURS has now hired an executive search firm, the Hollins Group, to find his replacement before Mabe’s retirement date. From the Associated Press: The State Universities Retirement System has hired ...
271px-Flag_map_of_Illinois

Illinois Teachers’ Fund To Stick With PIMCO, But Backup Plan Remains in Place

In the weeks since Bill Gross’ departure from PIMCO, dozens of public pension funds around the country have carefully considered whether to stay with the firm or move on. In late September, one of the largest plans in the country, the Florida Retirement Systems, announced it was cutting PIMCO in favor of BlackRock. The Illinois Teachers’ Retirement ...
640px-Gfp-illinois-springfield-capitol-and-sky

Illinois Loophole Lets Teacher Union Leaders Boost Pensions After Leaving Classroom

A Washington Times investigation has uncovered an interesting legal quirk in Illinois that lets retired teachers continue to build pension credit after retirement. The law allows teachers who later become union leaders to credit their union salaries towards their pension. More from the Washington Times: Collectively, 40 retired union leaders draw $408,136 ...
3268806794_8f205cc571_z

Illinois Pension Board Director to Retire; Search for New Director Begins Soon

William Mabe, executive director of the State University Retirement System of Illinois, has announced that he will retire on March 31. The System plans to hire a firm to search for and secure a new director by the time Mabe leaves his post. From the Chicago Sun-Times: William Mabe, executive director of the State University Retirement System, will ...
Privacy Policy | © 2020 Pension360 and © 2014 Policy Data Institute | Site Admin · Entries RSS ·