Pension Reform | WGLT

Pension Reform

Updated 11:55 a.m. | A Bloomington-Normal real estate broker has thrown his hat in the ring once again in the race to unseat Republican state Rep. Dan Brady in 2020.

 Elliot Richardson speaking
Mary Cullen / WGLT

The leader of the Small Business Advocacy Council said the near 800 day-long state budget impasse set small businesses up for a rocky relationship with Illinois government.

Ryan Denham / WGLT

Two local pension board presidents are raising concerns about a proposal to consolidate hundreds of police and fire pension funds.

A picture of Larry Alferink, head of the State Universities Annuitants Association
Charlie Schlenker / WGLT

Obscured in the last three years of budget struggles in the state of Illinois is a remaining massive unfunded liability in state pension systems—$129 billion by some accounts.

Rich Saal / The State Journal-Register (pool)

One of the biggest changes Gov. Bruce Rauner proposed in Wednesday's budget address is making local school districts bear the costs of teacher pensions.