Thursday, September 18 2013 By: Rich Miller Several members of the Illinois General Assembly’s special pension reform committee told me last week that they believed a final proposal would emerge within the next week to 10 days. The conference committee …

October 4, 2013 By: Kerry Lester CHICAGO — Gov. Pat Quinn expressed hope Friday about an evolving $138 billion savings plan to solve Illinois’ public pension problem, but he stopped short of fully endorsing it. Quinn, who for months has …

October 2, 2013 By: Bernard Schoenburg Illinois Senate President John Cullerton said Wednesday he’s working to build support for a compromise pension reform plan that would save $138 billion over 30 years. “There’s a compromise that we’re talking about right …

August 16, 2013 By: David Roeder The ongoing public pension crisis that has hit the credit ratings of Illinois and Chicago took its toll on Cook County government Friday. Moody’s Investors Service downgraded the county’s general obligation debt one level, …

August 16, 2013 (Reuters) — Moody’s Investors Service on Friday downgraded its general obligation rating for Cook County, Illinois, to A1 from Aa3, citing growing pension liabilities. The credit ratings agency also kept a negative outlook on the lower rating …