Judge Hears Arguments For, Against IL Pension Law
A Sangamon County judge says he'll issue a ruling Friday over the constitutionality of Illinois' pension overhaul.
Attorneys wrapped up oral arguments Thursday over whether the Illinois Constitution bars lawmakers from cutting their pension benefits.
Lawmakers and Gov. Pat Quinn approved a law in December 2013 overhauling the operation of Illinois' pension systems.
Years of underfunding have put them roughly $100 billion short of what they need to cover benefits promised.
The law reduces benefits for retirees, but also reduces employee contributions.
Links
- Quinn: No Pension ‘Plan B’ Before Court Ruling
- Moody’s: Illinois’ “Daunting Pension Challenges” Faced By Its Local Governments Too
- Moody’s: Ill. Pension Debt Versus Revenue Is Worst
- Illinois Pension Case Might Head To Supreme Court
- Illinois Schools In Pension Limbo
- Ruling On Pension Suit Could Take Five Months Or More
- TRS: State Will Have To Pick Up More Of Teacher Pensions
- Gov. Quinn Signs Chicago Pension Overhaul
- Decision Day For Gov. Quinn On Chicago Pension Plan
- Hold Placed On Illinois Pension Law
- Deal Reached On University Pensions
- Chicago Suburbs Grapple With Their Own Pension Crisis
- SURS Changing Interpretation Of Pension ‘Money Purchase’ Provision
- U Of I: Illinois Pension Overhaul Had Costly Mistake
- Pension Law Could Mean Mass Retirements At State Universities
- Fifth Pension Lawsuit Filed By U Of I, Parkland Employees
- Retiree Groups Want Pension Lawsuits Consolidated
- Illinois Unions Sue Over Plan To Cut Pensions
- Report: 5 State Pension Funds Owed $100.5B
- More Retired Ill. Workers Sue Over New Pension Law