AG Settlement to put $200M back into Illinois pension systems

By   /  August 21, 2014  /  Illinois  /  No Comments

Lisa Madigan

BY BRADY CREMEENS | Special to Watchdog.org
CHICAGO — Illinois Attorney General Lisa Madigan announced Thursday that her office has reached a settlement agreement with Bank of America that will provide $200 million in relief for Illinois’ pension systems. This settlement, however, will have little impact on Illinois’ overall unfunded pension liabilities.
“Bank of America’s misrepresentations cost [...]

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Bad news for hopeful Illinoisans on jobs, economy

By   /  August 18, 2014  /  Illinois  /  No Comments

Welcome to Illinois

SPRINGFIELD — Numbers released today in a monthly report on jobs and employment by Bureau of Labor Statistics suggest Illinois is doing poorly — despite two recent announcements from Gov. Quinn’s office highlighting a drop in unemployment and expansion of jobs in the Rockford area.
Last week, Gov. Quinn announced a significant decrease in the state’s [...]

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Reeder: stop holding our students back

By   /  August 18, 2014  /  Illinois  /  No Comments

math and science academy

By SCOTT REEDER – Special to Watchdog.org
I was chatting the other day with a fellow who, along with his wife, homeschool his children.
We joked about the stereotype: Moms in denim skirts.
But then he expounded on the benefits his youngsters have derived from being taught at home: a customized curriculum, religious values instilled and extra time [...]

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Quinn touts unemployment rate drop, but is the news really good?

By   /  August 15, 2014  /  Illinois  /  No Comments

UE cartoon

BY BRADY CREMEENS | Special to Watchdog.org
CHICAGO – Gov. Quinn Thursday announced another Illinois unemployment rate drop, but some economists say that’s not the whole story.
Illinois’ unemployment rate decreased in July to 6.8 percent, down from 7.1 percent in June, according to data from the U.S. Bureau of Labor Statistics.
“Illinois’ comeback is going strong and [...]

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Rauner term limits group files legal reply, oral arguments loom

By   /  August 12, 2014  /  Illinois  /  No Comments

vote

BY BRADY CREMEENS | Special to Watchdog.org
CHICAGO – The war over legislative term limits in Illinois will see its next battle this week as the proponent group presents its oral arguments before the Illinois Appellate Court.
The Republican gubernatorial candidate Bruce Rauner-led Committee for Legislative Reform and Term Limits filed its Reply Brief Tuesday, a legal [...]

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Public pension benefits gain on average public salary

By   /  August 12, 2014  /  Illinois  /  No Comments

pensions

BY BRADY CREMEENS | Special to Watchdog.org
SPRINGFIELD – Pension benefits for public retirees in Illinois has now reached 60 percent of the salary equivalent of a working employee, and that gap is closing.
Research and analysis from the Daily Herald shows that in 2013, the average pension was just short of $31,674 a year for retired [...]

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