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Pension

Sunday, June 10, 2012

Political Rewind: Illinois Pension Reform Still Top Priority

It's always good to be caught up on state politics. Here's an easy guide to what happened this week.

Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. SPRINGFIELD — The Illinois Capitol was quiet a week after lawmakers closed out the spring legislative session, but pension reform negotiations continue behind closed doors in Chicago Legislative leaders meet with Quinn in Chicago The state’s four top legislative leaders met with Gov. Pat Quinn on Wednesday in Chicago to begin hashing out pension reform. The reform effort fell apart in the final hours of the legislative session, when lawmakers disagreed over shifting some costs to local school districts. Democrats supported the cost-shift, but Republicans said they feared it …

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Tim

2:12 pm on Tuesday, October 9, 2012

Lower taxes in Nebraska? How is 6.84% in Nebraska state income tax, lower than 5%? Illinois income tax? http://www.bankrate.com/finance/taxes/state-taxes-nebraska.aspx The only way taxes are lower in NE, is if someone makes less than $17K/yr. Sounds like you should be spending more money on education, especially math.   more ›

Sunday, June 3, 2012

Political Rewind: Illinois Budget, Gaming Move Forward; Pension Reform Treading Water

It's always good to be caught up on state politics. Here's an easy guide to what happened this week.

Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. SPRINGFIELD — The Illinois General Assembly passed a budget — almost on time — Thursday, with the Senate ending about 1:30 a.m. Friday. The budget spends $33.7 billion for the 2013 general fund — the result of months of negotiations, hearings and a dizzying array of spending and appropriations bills with last-minute amendments upon amendments. The budget, made up of several bills in the House and Senate, includes $6.5 billion for K-12 education, $1.9 billion for higher education, $5 billion for health and human services, and $1.6 billion for public safety. In a testament to how …

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Luke

8:33 pm on Monday, June 25, 2012

$600 a month x12months x 30 years = $216,000. You get that back in what about 4 years of retirement. Who pays you for the next 20 to 30 years? We do. Those of us pay ever increasng taxes to cover your retirement. Go cry to someone who cares. The politicias bought your votes with our tax dollars. You fell for it. We can't afford it. I'd like to retire someday to but never will. I don't get to …   more ›

Sunday, May 13, 2012

Political Rewind: Pensions, Health Care Take Center Stage in Illinois

It's always good to be caught up on state politics. Here's an easy guide to what happened this week.

Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. In a week foreshadowing drama to come in this legislative session’s final weeks, Illinois lawmakers passed a bill requiring retired government workers to pay for their health insurance.  Meanwhile, Chicago's mayor weighed in on the state's pension crisis, a state representative accused of bribery proclaimed his innocence and a College Illinois! employee was accused of insider investing. House, Senate pass retiree health care payment bill  Illinois pays more than $800 million annually for the health care of state retirees, 90 percent of whom pay nothing toward their health-…

John Moreli

10:22 am on Monday, May 14, 2012

He keeps the pension for life, just like anyone else that collects a pension, 401 or social security! If he were to be arrested and convicted of a felony while he was working he could loose his pension! But that didn't happen!   more ›

Sunday, October 16, 2011

Political Rewind: Lawmakers Look for Pension Loophole Fix

It's always good to be caught up on state politics. Here's an easy guide to what happened this week.

Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. Work continues on casino compromise It’s a sure bet that gaming expansion will come up during the Illinois Legislature’s fall veto session, but who will win and who will bust is uncertain. A plan to add five casinos throughout the state, expand the number of places where people can make betsat each casino, and allow video gambling at horse tracks eked out of the Legislature this spring but stalled in the face of opposition from Gov. Pat Quinn.  Quinn has criticized the legislation repeatedly, calling it “top heavy.”  “The bill that they have proposed has many, many defects, and …

Tony

3:55 pm on Wednesday, January 4, 2012

It seems as though a few labor leaders get caught with their hands in more than one cookie jar and the law makers are going to make a big deal out of something the politicians have been doing and still are doing .How many pensions are some of these ex-governors, senators , Judges , congressmen & women, teachers, and they make a big deal out of a few low life union officals. Post listings of all …   more ›

Tuesday, December 28, 2010

New Laws on Sexting, Speeding and Campaign Reform Start Jan. 1

Complete list of the 192 bills that become law this Saturday can be found at www.tomcross.com.

More than 190 new laws go into effect on Saturday, including one that places limits on campaign contributions and another that changes the pension systems for some state employees. A full list of the new laws can be found at the Web site for state Rep. Tom Cross (R-Oswego), www.tomcross.com. One of the major pieces of legislation, according to Cross, establishes pension reform for future employees in the state's five pension systems, which include legislators, judges, state workers and university employees.  These changes for future employees include increasing the retirement age to age 67, capping the maximum retirement benefit and tying cost of living increases to the Consumer Price Index. It's estimated the changes will save the …

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