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Pension cuts postponed in Illinois Legislature

The top Republican in the Illinois House says he’s shelving legislation to rein in ballooning government pension costs.  

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Illinois Lawmakers Try to Tackle Pension Again

Illinois officials are trying to figure out how to finish cutting the state’s pension costs. Lawmakers came close to an agreement last month, but it was derailed by personal conflicts, policy disputes...

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Pension Task Force Says Everything is "On the Table" at First Meeting

A group of Kentucky lawmakers has a new summer assignment shoring up the state'’s failing pension systems.

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LIBOR Scandal Likely Affecting Revenues for Kentucky Agencies

A former financial planner for the Kentucky Pension Systems says an international banking scandal is leading to millions of dollars in losses for Kentucky agencies.

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Kentucky Pension Task Force Tackles Shortfall

A task force looking for ways to cover Kentucky's $19-billion public pension shortfall will explore the idea of borrowing enough money to bridge the gap through the sale of government bonds. The Task...

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morning cram [only you edition]

Today on NPR: How The Smokey Bear Effect Led To Raging Wildfires

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Republican Legislative Challengers Announce Plans to Change Lawmakers' Pensions

After years of lawmakers attempting to find solutions to the state’s underfunded pension problems, a group of Republican legislative candidates are hoping to institute a plan of their own. At a news...

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Retirement Official Says Pensions Systems Haven't Used Controversial...

After being heavily criticized for their use, Kentucky’s major pension program says it hasn't used a placement agent for three years. Placement agents are investing middle men that direct pension funds...

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Stumbo: Make High Earning Pensioners Pay More to Help Fund System

State employees with higher pensions should pay more to help the underfunded systems recover, Kentucky House Speaker Greg Stumbo said in a recent interview.One thing Stumbo doesn't want to see is...

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IL Drags Its Feet on Pension Problem

With its pension funds are the most underfunded in the U.S., and a shortfall approaching $100 billion, Illinois lawmakers will meet again next week in hopes of fixing the problem. Solutions other...

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S&P Downgrades Commonwealth's Financial Outlook

  Another downgrading in Kentucky’s financial outlook has the state’s business leaders calling on the General Assembly for immediate pension reforms.

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Local Legislators Come to MSU for Pension Forum

Local state legislators join a pension expert for a roundtable discussion at Murray State University this Saturday. Keynote speaker Cameron Smith is the policy director for the Alabama Policy...

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Quinn and Cullerton Meet Over Pensions

Gov. Pat Quinn and Senate President John Cullerton have met to discuss the stalemate over a solution to Illinois' pension crisis, but House Speaker Michael Madigan didn't show up.Aides to all three...

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Public School Teachers Mulling Pension Lawsuit Against Legislature

A group of Louisville teachers are planning to file a class-action lawsuit against the governor and leaders in the Kentucky General Assembly, claiming they violated the state's contract with teachers...

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Beshear Pleased With Appeal in Seven Counties Case

Kentucky Governor Steve Beshear says he is pleased with a decision by the Kentucky Retirement Systems to appeal a recent ruling that would allow quasi-governmental agencies to withdraw from the...

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Increase to Paducah Police/Firefighter Pension Pay-out Fails

An ordinance to increase payment from the Paducah Police and Firefighters’ Pension Fund by 2 percent to retirees did not pass at Tuesday night’s City Commission meeting. The ordinance failed by a 2 to...

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Illinois High Court Tosses Out State's Pension Fix

The Illinois Supreme Court today struck down a recently passed law designed to fix the nation's worst funded public pension system, putting Illinois lawmakers and the state's new Republican governor...

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Bill To Reveal Lawmaker Pensions Heads To House Floor

Lawmakers’ state-run retirement funds would be subject to open records requests under a bill that a House committee approved Wednesday morning.

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Western Kentucky Lawmaker Looks to 2017 for Tax Reform

Significant public pension debt has led to consternation among state officials during the almost-completed General Assembly session. 

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Seeking 'Fresh Start' Bevin Removes Pension System Chairman

Seeking "a fresh start" Governor Matt Bevin is removing the chairman of the Kentucky Retirement Systems board of trustees. Bevin issued the executive order saying the board was opposed to transparency...

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