States Face Legal Challenges Over Reduced Pension COLAs
States inevitably face lawsuits when they attempt to ease budgetary pressures by cutting pension payments to current employees and retirees. While the legal battle over Illinois’…
States inevitably face lawsuits when they attempt to ease budgetary pressures by cutting pension payments to current employees and retirees. While the legal battle over Illinois’…
The following posts were among the most highly read on the Civic Federation blog in 2013 and represent some of the most closely followed local government issues this year:…
The following posts were among the most highly read on the Institute for Illinois’ Fiscal Sustainability’s blog in 2013 and represent some of the most closely followed Illinois fiscal issues this year:…
The pension plan enacted by the State of Illinois on December 5, 2013 may preserve more of the benefit increases for current employees than is widely…
This article discusses a judge’s ruling allowing the City of Detroit to enter bankruptcy. The judge additionally ruled that pension benefits for employees and retirees could be cut as a part of Detroit’s eventual reorganization plan.…
The Civic Federation supports the Metropolitan Water Reclamation District’s tentative budget of $1.2 billion for its responsible pension practices and transparent long-term planning. The District is prudently basing its pension…
In an analysis released today, the Civic Federation supports the Metropolitan Water Reclamation District’s (MWRD) FY2014 Tentative Budget of $1.2 billion for its responsible pension practices and transparent long-term planning. The full 50…
After decades of dire warnings and several years of legislative negotiations, the Illinois General Assembly on December 3, 2013 passed…
In this segment Civic Federation President Laurence Msall joined panelists to discuss details of pension reform legislation Senate Bill 1, the day before its debate and subsequent passage in the Illinois General Assembly. The Civic…