Peoria pensions causing police, fire layoffs as property tax hike sought

12/15/2020

Emergency services have been cut in Peoria because public pension costs are growing. Voters will be asked whether a property tax hike should fix the problem.

TAGS: firefighter pensions, Peoria, police pensions, property tax

Fired Chicago Police superintendent receiving nearly $200K pension

02/26/2020

Eddie Johnson was fired before his scheduled retirement after he was found asleep behind the wheel. He blamed medication. Video showed him drinking.

TAGS: Chicago, CPD: Chicago Police Department, Eddie Johnson, Laquan McDonald, Lori Lightfoot, police pensions, public safety

Illinois pensions 101: Paltry contributions yield million-dollar payouts

01/17/2020

Across all five state retirement systems, typical career workers pay for about 5% of the cost of their pension benefits. They receive an average of $1.7 million to $3.6 million.

TAGS: Edgar Ramp, firefighter pensions, GARS: General Assembly Retirement System, government employees, government services, government unions, government workers, IEA-NEA: Illinois Education Association, IFT: Illinois Federation of Teachers, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, Jim Edgar, JRS: Judges’ Retirement System, municipal government, municipal pensions, pension guarantee, pensions, police pensions, public sector, retirement age, Rod Blagojevich, SERS: State Employee Retirement System, Social Security, social services, Springfield, SURS: State Universities Retirement System, tax hikes, tax increase, TRS: Teachers’ Retirement System

Oak Lawn credit rating hits junk status amid skyrocketing pension costs

By Brad Weisenstein

01/07/2020

Massive increases in public safety pension contributions have failed to keep Oak Lawn’s credit from being downgraded to junk status. The Chicago suburb’s leaders are fighting cuts and tax increases, which are inevitable without pension reform in Springfield.

TAGS: credit rating, firefighter pensions, IDOI: Illinois Department of Insurance, Moody's Investor Service, municipal pensions, Oak Lawn, police pensions, public safety

Illinois lawmakers pass pension sweeteners without knowing the cost

11/20/2019

Illinois has nation’s worst pension debt. Maybe that’s because state lawmakers take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.

TAGS: Civic Federation, firefighter pensions, IRS: Internal Revenue Service, Jason Barickman, municipal pensions, pensions, police pensions, public safety, safe harbor, Social Security

Unlocking Opportunity: How Occupational Licensing Reform Would Promote Equitable Empowerment in Illinois

Illinois finds itself at a crossroads: will it empower minorities and poor people to unleash their potential, or will it perpetuate an inequitable status quo? For far too many Illinoisans, opportunity is unfairly and unnecessarily out of reach. Illinois ranks in the bottom ten among all states in social mobility and last among Midwest states...

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Unlocking Opportunity: How Occupational Licensing Reform Would Promote Equitable Empowerment in Illinois

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Martin Sahagun

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students