May 31, 2013 By: Mike Riopell SPRINGFIELD – If lawmakers adjourn before their midnight deadline today without a deal to try to curb the state’s $100 billion in pension costs, it’ll be their second straight year facing a summer of …

May 31, 2013 Moody’s Investors Service warned the state of Illinois that its credit rating could fall further if the legislature fails to fix the state’s huge public pension problem. “Our view is that failure to enact pension reforms could …

May 28, 2013 By: Karen Pierog, Reuters CHICAGO – With less than a week left to go in Illinois’ spring legislative session, the future of reforms to rein in burgeoning costs for the nation’s worst-funded public pension system rests with …

May 21, 2013 By: Yvette Shields CHICAGO – The fiscal condition of the pension systems in Chicago, Cook County, and five other local governments deteriorated by $4.6 billion in 2011, bringing their collective unfunded obligations to $32 billion, according to …

May 15, 2013 By: Charles Chieppo There’s good news and bad news in Illinois’ struggle to reform the nation’s most underfunded public-pension system. The good news is that plans to address the problem have passed both the state House and …