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Il Pension Reform News

Posted by: | Thu, 24 Jul 2014 11:39:09 GMT | View Comments

Illinois Pension Reform Breaking News

Update 1-s&p revises illinois credit rating outlook to negative, The credit rating agency revised the outlook on illinois' a-minus credit rating to negative from developing, citing a recent state supreme court ruling that could derail a new pension reform law and the state's structurally imbalanced state budget..

Amending the illinois constitution a tough path for pension reform, If the state's new pension law is found unconstitutional interim dean of the university of illinois college of law in urbana. the pension reform law “is as dead as a doornail, " he said. "the state needs to start thinking about what it's going.

Amending illinois constitution a tough path for pension reform, If illinois' new pension law is found unconstitutional “especially in light of the court's decision.” proponents of pension reform, from gov. pat quinn and attorney general lisa madigan to the business groups that pushed for it, are not conceding.

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Lawyers will push to speed up pension reform ruling

Illinois Pension Crisis Pension Reform
Posted by | Date: Tue, 22 Jul 2014 19:45:00 GMT | View Comments

Lawyers will push to speed up pension reform ruling - Lawyers challenging last year’s pension reform law said they will make another attempt to get an expedited ruling in the case in the wake of the illinois supreme court the lawyers said they will be filing new motions that will bring the issue.

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UPDATE 1-S&P revises Illinois credit rating outlook to negative

Illinois Pension Crisis Pension Reform
Posted by | Date: Wed, 23 Jul 2014 19:02:00 GMT | View Comments

Update 1-s&p revises illinois credit rating outlook to negative - The credit rating agency revised the outlook on illinois' a-minus credit rating to negative from developing, citing a recent state supreme court ruling that could derail a new pension reform law and the state's structurally imbalanced state budget..

Visit source UPDATE 1-S&P revises Illinois credit rating outlook to negative

Amending the Illinois Constitution a tough path for pension reform

Illinois Pension Crisis Pension Reform
Posted by | Date: Sat, 26 Jul 2014 01:00:00 GMT | View Comments

Amending the illinois constitution a tough path for pension reform - If the state's new pension law is found unconstitutional interim dean of the university of illinois college of law in urbana. the pension reform law “is as dead as a doornail, " he said. "the state needs to start thinking about what it's going.

Visit source Amending the Illinois Constitution a tough path for pension reform

Amending Illinois Constitution a tough path for pension reform

Quinn Calls Lawmakers Into Special Session On Pension Reform
Posted by | Date: Fri, 18 Jul 2014 14:43:00 GMT | View Comments

Amending illinois constitution a tough path for pension reform - If illinois' new pension law is found unconstitutional “especially in light of the court's decision.” proponents of pension reform, from gov. pat quinn and attorney general lisa madigan to the business groups that pushed for it, are not conceding.

Visit source Amending Illinois Constitution a tough path for pension reform

Cutbacks in annual pension increases unconstitutional, Schimpf says

Quinn Calls Lawmakers Into Special Session On Pension Reform
Posted by | Date: Tue, 22 Jul 2014 23:17:00 GMT | View Comments

Cutbacks in annual pension increases unconstitutional, schimpf says - Automatic annual increases that were promised as part of state worker pensions cannot be cut back under the illinois constitution in the pension,” paul schimpf said at a statehouse news conference tuesday. “there is absolutely no way around.

Visit source Cutbacks in annual pension increases unconstitutional, Schimpf says

Illinois credit rating revised to negative outlook

Quinn Calls Lawmakers Into Special Session On Pension Reform
Posted by | Date: Fri, 25 Jul 2014 13:17:00 GMT | View Comments

Illinois credit rating revised to negative outlook - The agency cited a state supreme court ruling that could hinder illinois' new pension reform law and the state's imbalanced state budget as reasons for the change to negative from developing, the chicago tribune reports. standard & poor's ratings services.

Visit source Illinois credit rating revised to negative outlook

AFSCME: Cullerton plan “looks like extortion”

Quinn Calls Lawmakers Into Special Session On Pension Reform
Posted by | Date: Fri, 25 Jul 2014 19:38:00 GMT | View Comments

Afscme: cullerton plan “looks like extortion” - Afscme has responded to senate president john cullerton’s new pension reform idea, which is outlined here for years, our union and the we are one illinois coalition of which we are a part have stood virtually alone in urging fair and constitutional.

Visit source AFSCME: Cullerton plan “looks like extortion”

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