As the state’s pension debt grows, 22 Illinois state legislators have decided not to accept state-subsidized retirement benefits.
With $97 billion in unfunded liabilities — more than $20,000 for every household in the state — Illinois’ five pension funds serving teachers, state employees, university employees, judges, and legislators, are in desperate shape. Attributed to inadequate contributions by the government, the pension systems are only 39 percent funded, when 80 percent is considered healthy.
Read more »
Chicago workers braved frigid temperatures and a strong wind Tuesday
to make their voices heard by downtown businesses offering low wages and
the impact that has on the violence plaguing their communities.
Former congresswoman Debbie Halvorson is on the receiving end of yet another ad in the race for the 2nd congressional district seat, this time calling out her voting record.