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Pension Reform

Tuesday, February 5, 2013

Pension Town Hall Meeting Stirs Debate

Illinois' state pension debt is currently at $95 billion — citizens discussed their ideas of how to fix that at Monday's meeting.

Passions were high at Monday night's town hall meeting on current state pension proposals. Panelists at the meeting, which was held at the Wilmette Community Center, included Sen. Daniel Biss (D-Evanston), Rep. Laura Fine (D-Glenview), Rep. Robyn Gabel (D-Evanston) and Cook County Commissioner Larry Suffredin (D-Evanston).  The meeting, which was so packed that it had to be split up in to two rooms to make room for everyone, was held to discuss the Senate Bill 35 (SB35) and House Bill 98 (HB98), which both aim to end the "long, bitter impasse over pension reform at the state Capitol by combining what has been proposed by business, labor, legislators and civic groups with some new ideas," according to a hand-out passed out before the …

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Friday, January 25, 2013

Illinois S&P Rating is Worst in the Nation

State Treasurer Dan Rutherford says poor credit rating will cost taxpayers.

Standard & Poor’s rating services downgraded Illinois’ credit rating today to A-, with a negative outlook, making it the lowest rating of all 50 states. State Treasurer Dan Rutherford blamed the negative rating on inaction on the public pension system by Gov. Pat Quinn and the general assembly, at a press conference today. Illinois has a $96 billion pension deficit. Rutherford pointed out numerous instances in which the state had set a deadline to address pension reform and did not meet the deadline, which was followed by a downgrade in the state’s credit rating. “Every time a deadline is set and nothing happens substantively, there is a negative action by rating agencies, Rutherford said. Rutherford explained that the poor credit rating …

John Parker

9:16 pm on Wednesday, May 8, 2013

The 630 educators who retired from District 211 (Schaumburg, Hoffman Estates, Palatine) averaged pension payments of $86,982 last year, almost twice the state average, according to records from the Illinois Teachers' Retirement System. To put this in context, the total pension debt-per-household in Suburban North West Cook County is $35,774   more ›

Wednesday, December 5, 2012

Nekritz, Biss Introduce Sweeping Pension Reform Bill

Possible changes to the current Illinois pension system, as proposed by the bill, include shifting teacher pension obligations onto school districts, raising the retirement age and capping cost of living adjustments.

In an effort to curb the state's budget woes without bailing on current Illinois public sector pension obligations, a press release announced Illinois lawmakers Elaine Nekritz (D-Northbrook) and Daniel Biss (D-Evanston) introduced House Bill 6258 in Springfield today. "The pension debate has featured too much finger-pointing and progress has been disappointingly slow," Biss said in the release. "This bill contains ideas drawn from business, labor, and civic groups as well as our colleagues in the General Assembly. We believe that it is a roadmap for solving this problem in January..."  Changes to the state's public employee pension policy, as proposed by the bill inlclude:  “Daniel and I understand this is a difficult issue for all of us, …

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Gary

2:38 pm on Friday, December 7, 2012

Willie, that's a great idea. Let's take it one step further. Take whatever each State employee put into the retirement system and use the same calculation they use to calculate our Social Security benefits, and tell them they have to live with that. They keep complaining they don't get Social Security benefits. Fine... let's move them over to our wonderful plan. If it's good enough for the rest …   more ›

Tuesday, November 13, 2012

Rintz to Mount Independent Bid Against Greable

Former Trustee Chris Rintz to challenge Caucus' village president candidate; challenger Patrick Livney fails to replace Joe Adams on the Caucus' slate of trustee candidates.

Next April’s Winnetka elections promise to be interesting as former trustee Chris Rintz said he will mount an independent campaign for Village President following Winnetka Caucus Council’s selection of Gene Greable for that post.    More political intrigue could also be forming in terms of the village board elections, where challenger Patrick Livney did not win enough votes to replace Joe Adams on the Caucus’ slate of candidates for Village Trustee.  Incumbents Arthur Braun and Richard Kates led the pack with 436 and 429 votes respectively. Adams, Winnetka’s Zoning Board of Appeals Chair, received 310 votes and Livney came in fourth with 216. In what was at times a raucous atmosphere Monday night at the Skokie School, Winnetka residents …

nsmom

4:39 pm on Wednesday, November 14, 2012

Saw Livney at multiple school board meetings as he attacked those with whom he disagreed and also attacked the superintendent. I hope we chose trustees with more adult temperament than he has displayed, along with more relevant experience and some demonstrated history of community service. The videos of the school board meetings actually reveal his embarrassing behavior pretty clearly.   more ›

Sunday, October 28, 2012

Pension Foes Allied Against Constitutional Amendment

Pension-related amendment to state constitution on Nov. 6 ballot is confusing, catastrophic and fake reform, say foes and legal experts. What you need to know before you vote.

By Jayette Bolinski, Illinois Watchdog SPRINGFIELD — Opposition to a proposed pension-related constitutional amendment that will go before Illinois voters Nov. 6 is creating strange bedfellows — from public employee unions to good-government groups that agree the question is not worthy of a change to the state’s constitution and does nothing to address the pension crisis. Groups opposed to the amendment are numerous and come from all walks of life. It’s no surprise that public-employee unions are opposed to the amendment, which requires a three-fifths majority vote before any public body can approve a pension benefit increase. Good-government groups, such as the Center for Tax and Budget Accountability and the Illinois Policy Institute, …

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Thursday, August 16, 2012

Biss to Host Pension Forum Tonight

Rep. Daniel Biss will hold a dialogue, 'The Long Road to Pension Reform: What is ‘Cost Shift’ and Why Does It Matter?', at Skokie's Temple Beth Israel in Skokie at 7 p.m. Legislators return to Springfield Aug. 17 for a special pension reform session.

Among the many hotly debated topics in Springfield, legislators will attempt to reach consensus on pension reform tomorow at a special session scheduled by Gov. Quinn.  Tonight, State Rep. Daniel Biss (D-Evanston) will hold a public forum to discuss the issues. Titled "The Long Road to Pension Reform: What is 'Cost Shift' and Why Does it Matter?", the community dilaogue is the most recent in a series of public forums hosted by Biss and is open to all.  The forum was originally scheduled at Wagner Farm but to accomodate mass interest from the community, the event will now be held at Temple Beth Israel in Skokie, 3601 W. Dempster.  Guest speakers include Erika Lindley, executive director of ED-RED; Dick Ingram, executive director of the …

Monday, June 25, 2012

Winnetka Urges State Pension Reform

Village council voted June 19 to ask Governor Quinn and Illinois General Assembly to address unfunded pension liabilities; council warns without meaningful change the burden will continue to fall on taxpayers and negatively affect state's credit rating.

On June 19, the Winnetka Village Council voted unanimously to implore Governor Pat Quinn and the Illinois General Assembly to make meaningful reform to the state pension program, according to the Village of Winnetka website.  That approval came in the form of a letter to the governor that warns the state's credit rating will continue to take a beating as it deals with rising costs and outstand debt and bills, the letter from Village President Jessica B. Tucker states.  "Please lead the State out of its fiscal crisis by immediately enacting global, comprehensive pension reform at all levels of government, for all current public employees and retirees," Tucker wrote.   Tucker asked in addition for the General Assembly to take politics, …

Wednesday, December 1, 2010

Winnetka Village Trustee Caucus Nominees Approved Despite Conflict of Interest Concerns

At Tuesday’s annual Winnetka Council Caucus town hall meeting, all nominees for the village, school, park and libraries boards were approved; Jessica Tucker will serve a second term as village president.

The Winnetka Caucus Council's ten months of work selecting village, school, park and library board candidates slated for the April 5 election paid off Tuesday night when all 15 candidate and 20 platform planks were approved at the 94th annual town hall meeting held at The Skokie School. This year, no person not slated by the caucus council took the opportunity under council rules to meet the necessary conditions to be nominated by the floor, Chair Bill Krucks said. "This year this caucus paid closer attention to the rules of the organization," he said.  Jessica Tucker, Winnetka's current village president, was slated, uncontested, to serve another term.  "We are fortunate to have someone like Jessica serving the village," said John Mech, …

Wednesday, November 17, 2010

Winnetka Trustees Discuss Committee Membership, Pension Reform

The Winnetka Village Council approved a resolution to urge the General Assembly to pass pension reform and other highlights from Tuesday's meeting.

In a meeting populated mostly by local Boy Scout Troop 20, Winnetka village trustees discussed issues related to committee membership and pension reform. Below are highlights from the meeting.  

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