NV: Public pension fund saw modest gain in ’12
By Sean Whaley | Nevada News Bureau
CARSON CITY — The long-term unfunded liability of Nevada’s public employee retirement plan improved slightly in fiscal 2012, up to 71 percent fully funded from 70.2 percent in the previous year, a state official said Monday.
The plan saw the modest improvement even though the return on investment for the [...]
IL: Week in review — Judicial elections, constitutional amendment on ballot
By Jayette Bolinski | Illinois Watchdog
SPRINGFIELD — Races and issues at all levels of government continue to dominate Illinois’ political news just more than a week out from the Nov. 6 election.
Voters encouraged to research and follow the money in judicial races
Among the races Illinois voters may find down ballot when they head to the [...]
IL: Proposed constitutional amendment turning pension adversaries into allies
By Jayette Bolinski | Illinois Watchdog
SPRINGFIELD — Opposition to a proposed pension-related constitutional amendment that will go before Illinois voters Nov. 6 is creating strange bedfellows — from public employee unions to good-government groups that agree the question is not worthy of a change to the state’s constitution and does nothing to address the pension [...]
IL: Madigan says discord between state and unions is ‘natural conflict’
By Jayette Bolinski | Illinois Watchdog
SPRINGFIELD — Growing acrimony between public employee unions and Illinois lawmakers over pension reform and other matters is a “natural conflict” that won’t affect their relationship in the long term, House Speaker Michael Madigan said Wednesday.
A host of proposed changes affecting state employees, including pension reform, reductions to retirement benefits [...]
IL: Quinn calls special session for pension reforms; taxpayers on the hook for its cost
By Jayette Bolinski | Illinois Watchdog
SPRINGFIELD — Illinois lawmakers will be back here in August to hammer out the pension reform they failed to address by the end of their regular session in May.
The price tag for the special day of meetings — including legislative per diem, mileage and staff costs — could run taxpayers more than [...]
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