June 14, 2013 By: Monique Garcia A frustrated Gov. Pat Quinn has once again changed strategies in his effort to get a pension reform bill on his desk as he acknowledged Friday he’s “prepared to do whatever necessary” to try …

June 12, 2013 By: Ray Long & Rafael Guerrero SPRINGFIELD — House Speaker Michael Madigan on Wednesday tried to increase the pressure on fellow Democrats in the Senate to get behind his version of pension reform and abandon their own …

June 10, 2013 By: Karen Pierog CHICAGO, IL – The Illinois public pension system, the worst funded among U.S. states, will be tackled with a two-prong approach that addresses both cost-savings and constitutional concerns during a special legislative session next …

June 6, 2013 After the state had its credit rating downgraded again because of a pension debacle, Gov. Pat Quinn on Thursday called lawmakers into a special session “to finish the job.” His announcement came minutes after Moody’s Investors Service …

June 3, 2013 By: Greg Hinz The first reaction is in from Wall Street to the Illinois Legislature’s failure to enact pension reform last week, and it’s negative. Fitch Ratings, one of the big firms that issues reports to investors …