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Crain’s Chicago Business: “Cook County Pension woes worsen”

May 8, 2013 By: Paul Merrion Solvency of Cook County’s pension funds deteriorated in the last fiscal year, according to a new report, and County Commissioners are pressing anew for reforms. The county’s main Employees’ Annuity and Benefit Fund saw …

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Chicago Tribune: “Senate leader counters with union-backed pension plan”

May 7, 2013 By: Ray Long SPRINGFIELD – Senate President John Cullerton on Monday rolled out his latest proposal aimed at fixing the state’s heavily indebted pension system, striking a deal with unions just days after House Speaker Michael Madigan …

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Chicago SunTimes: “Editorial – Pension Plan Weak”

May 7, 2013 By: Chicago SunTimes Editorial Board It is not enough. Illinois will continue to stagger beneath the burden of public employee pensions it cannot afford, which increasingly will crowd out most other essential spending — and likely force …

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SunTimes: “Cullerton floats union-backed, ‘constitutional’ pension-reform plan”

May 7, 2013 By: Dave McKinney, Springfield Bureau Chief SPRINGFIELD – Senate President John Cullerton on Monday touted a new, more generous pension-reform package crafted with public-employee unions — a deal the top Senate Democrat said wouldn’t invite a constitutional …

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Wall Street Journal: “Illinois House Backs Overhaul of State Pensions”

May 2, 2013 By: Mark Peters The Illinois House of Representatives passed a pension-overhaul plan Thursday that would cut retiree benefits and increase required employee contributions, in the biggest move yet toward addressing the nation’s worst state-pension crisis. The measure, …

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