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Illinois won't make its next pension payment; Comptroller Leslie Munger Wednesday announced she can't, because the state doesn't have the cash.Illinois'…
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The U.S. Supreme Court will not get the last word on Illinois’ attempts to cut government pension costs; a 2013 pension law is dead, for good. There'd…
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Illinois may not be done with the 2013 law reducing state employees’ pensions after all. The Attorney General appears to be readying to appeal to the U.S.…
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In the midst of a budget stalemate, Illinois Gov. Bruce Rauner says he's re-introducing his five-point agenda, with some changes. The Republican is also…
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Credit ratings agencies have had swift reactions to Friday's state Supreme Court decision that found Illinois' 2013 pension law unconstitutional.Illinois'…
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Some of the main architects of the Illinois law that seeks to save the state money by reducing workers' pensions have begun collecting pensions of their…
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It was long a practice of Illinois politicians: Give a buddy a short-term job at the end of his career in order to boost his pension. Gov. Pat Quinn…
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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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The underfunding of the state's pensions have grabbed headlines the past several years, and finally reached the political tipping point late last year…
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A new report from Moody's investors service says Illinois still faces "daunting pension challenges" despite a 2013 law intended to curb the state's…