A clause worth billions: As state struggles, pension systems return to court

By   /  January 19, 2015  /  Edward Kionka, Illinois, Labor, News, Pensions  /  No Comments

SPRINGFIELD — Attorney General Lisa Madigan is arguing a trial court went off course when it found the state’s 2013 […]

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What the ‘Heck’? Christie punts on disability pension abuse

By   /  January 15, 2015  /  Fraud, New Jersey, Pensions, Power Abuse  /  No Comments

Governor's Office/Tim Larsen

 
By Mark Lagerkvist | New Jersey Watchdog
Proving that politics is “Heck,” New Jersey Gov. Chris Christie ignored disability pension reform during his annual State of the State address.
At the center of the controversy is Adam J. Heck, who collects $110,000 in annual salary as associate legal counsel to the governor. He also receives $44,818 a […]

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Christie spins New Jersey’s $170 billion pension crisis

By   /  January 14, 2015  /  New Jersey, Pensions, Politics & Elections, State Budgets, State Government  /  No Comments

Governor's Office/Mykwain Gainey

 
By Mark Lagerkvist | New Jersey Watchdog
As he prepares for a probable run for the White House, Gov. Chris Christie tried to revise embarrassing truths about New Jersey’s pension crisis Tuesday during his annual State of the State address.
“Right now the $90 billion unfunded liability for pensions and health benefits is three times the size of […]

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The numbers don’t add up for Illinois school kids

By   /  January 7, 2015  /  Audio, Education Blog, Illinois, Media, Pensions, Video, Watchdog Radio  /  No Comments

bank

If only school kids in Illinois were as important as school superintendents.

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Times are tough in Illinois? Public workers don’t care, want their $7.5B

By   /  January 7, 2015  /  Audio, Illinois, Media, Pensions, State Budgets, Video, Watchdog Radio  /  No Comments

goodfellas

By Benjamin Yount | Watchdog Radio
SPRINGFIELD, Ill — “Business is bad, f-you pay me. Oh, you had a fire? F-you, pay me. Place got hit by lightning? F-you pay me.”
That’s the line from Goodfellas about how awful it is for a restaurant owner to get into business with the mob.
But that’s essentially the same line […]

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After banner year, PA school pension fund still deep in red

By   /  January 5, 2015  /  Finances, News, Pennsylvania, Pensions, State Budgets, State Government  /  No Comments

pensions

Even after a fantastic year on the stock market, the pension fund for Pennsylvania’s public school employees is deep in the red.

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