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May 1, 2013 By: Ray Long and Rafael Guerrero SPRINGFIELD - House Speaker Michael Madigan unveiled a new pension plan Tuesday aimed at lowering the state’s heavy retirement system debt by scaling back benefits to public employees, taking more from their …

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April 9 2013 By: Andy Kessler It has been said that an actuary is someone who really wanted to be an accountant but didn’t have the personality for it. See who’s laughing now. Things are starting to get very interesting, …

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April 7 2013 By: Mark Peters CHICAGO – Mayor Rahm Emanuel, who built a reputation in Washington as a blunt problem solver, is grappling with one of the nation’s biggest municipal-pension shortfalls, setting up a showdown with labor unions as …

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2012 End of Year Highlights Membership: 22,000 active and 16,000 retired members, with over 1,000 new retirees. Member & Employee Contributions: $300 million Benefits Paid: $500 million Cook County Pension Fund received about $300 million in member and employee contributions …

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By: Mike Riopell March 22, 2013 SPRINGFIELD — Supporters of big public employee pension cuts approved by the Illinois House Thursday say they’ve gotten past the hardest vote on the long-festering issue. As they’ve debated for more than a year, …

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