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Pat Devaney

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Illinois pension

Capitol News Illinois

State lawmakers consider pension changes

SPRINGFIELD (Capitol News Illinois) — Changes that would make Illinois pension systems compliant with Social Security by improving benefits for government employees hired since 2011 could be on the table when lawmakers return to Springfield in January.   The General Assembly passed legislation in 2010 to create a second tier of state pension benefits in hopes of reducing long-term liabilities. But the latest benefits structure for employees entering the government workforce after 2010, known as Tier 2, has raised concerns about […]

todayDecember 26, 2024 149

Illinois

Pritzker details $700 million in FY21 state budget cuts

SPRINGFIELD (The Center Square) – After Illinois voters rejected his progressive income tax amendment, Gov. JB Pritzker has said he plans to focus on cuts to balance the state's budget. On Tuesday, Pritzker has announced plans to reduce state spending by $700 million dollars for fiscal year 2021. The plan includes a hiring freeze, grant reductions, and operational savings. Pritzker: Negotiations with AFSCME, unions ongoing The governor says the state is negotiating with AFSCME and other employee unions to identify […]

todayDecember 16, 2020 66

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