Posts tagged "pensions"

The Solution is Pension Reform. Let's Work Together to Save Our State.

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Illinois has a major problem on its hands — and, it’s not going away. It’s Illinois’ pension problem. And, it impacts us all. Whether you are a hard-working teacher, employee of the State, a taxpayer or a family trying to make ends meet, everyone in Illinois is affected. Watch here to learn more. How serious... Read more »

“Illinois is Broke” Launches TV Ad Campaign

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  Failure to act in veto session will cost IL taxpayers another $7+ billion Chicago, Ill. – Just one week from the start of the state legislature’s fall veto session, the Illinois Is Broke campaign is ratcheting up pressure on lawmakers to address the state’s badly underfunded pension systems before tackling all other issues.  Today,... Read more »

Public pensions creating millionaires - and we pay for it

Illinois and its public employee pension plans owe $80 Billion in unfunded pension liabilities and another $13 Billion in outstanding pension debt – not to mention another $40 Billion in unfunded retiree health care liability.  Total:  over $130 BILLION.  And growing… With enough years of service, Illinois State workers can retire at age 55 with... Read more »
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Illinois Budget News: April 28

In response to the Civic Federation’s report Monday, the Governor’s Office of Management and Budget released this statement. Daily Herald ends its four part series today with “an array of proposed fixes” and a great summary in an editorial on what voters should do: Get the facts. Angry slogans and epithets are the easy way... Read more »

Today's Budget News: April 26

Civic Federation released a report today opposing Governor Quinn’s $52 billion FY2011 recommended State operating budget, stating it is: “unbalanced and does too little to address the State’s fiscal crisis. The Governor’s recommended budget borrows billions to pay for operations while continuing to ignore the massive backlog of unpaid bills, which will make the State’s... Read more »