The Metropolitan Water Reclamation District submitted this pension proposal to the legislature. This bill was passed by the Illinois House of Representatives on March 29, 2012. The Illinois Senate currently holds the bill in the Assignments Committee. The proposal calls for increasing …

Senate President John Cullerton has proposed changing current employee cost of living adjustment from 3% compounding to 3% simple, or half the Consumer Price Index, whichever is lower. Senator Cullerton estimates that this will have a lifetime savings of $250,000 per …

The Illinois House Pension and Personnel committee passed SB512 in November 2011 and sent the bill to the full Illinois House. The bill was not taken up for a vote by the full Illinois house in the fall veto session. …

Introduced by Illinois House Speaker Michael Madigan and Illinois House minority leader Tom Cross. This bill has not been passed. SB512 creates a three tier choice for current Cook County Employees: 1) Traditional Benefit Package: Current Tier 1 defined benefit …

On Thursday January 5th 2012, Governor Quinn signed Illinois House Bill 3813. Union officials can no longer base their pension benefit on their union salary and cannot collect a union pension and state pension simultaneously. It also closed a pension …