Teachers Union Wants Fund Managers Fired for Advocating Pension Reform
May 22, 2013
Pension funds pressured to deny First Amendment rights to hedge fund managers the unions don't like.
Illinois News
Highlighted Stories
- Staggering debt obligations of House’s pension reform should require 60% approval – Eden Martin
May 23, 2013
At long last somebody asks why the requirement for a 3/5 vote for incurring state debt should not apply to pension debt.
- IRS employees’ union generous to lots of Illinois Democrats, 1 Republican – Illinois Review
May 22, 2013
- Illinois Tech Jobs Growth Better Than Reported – Illinois Tech. Ass.
May 20, 2013
- Illinois Dems see permanent majority with lower voting age, Hispanic “millennials” – Illinois Review
May 17, 2013
Pending legislation sponsored by Dems will lower voting age to 17, though just for primary elections.
- Not anymore: IL unions don’t want Obamacare as their health-care choice – Watchdog.org
May 17, 2013
- Will DuPage County Lead the Way to Eliminating Wasteful Units of Government? – Reboot
May 17, 2013
Bill passed by the General Assembly would allow DuPage County to consolidate units of government.
Might set precedent for the rest of Illinois.
Governor Quinn still needs to sign it.
- Illinois jobless rate dips to 9.3 percent in April
May 16, 2013
- Michigan projects unexpected $483 million budget surplus – The Detroit News
May 15, 2013
- Fracking Illinois: Compromise reached in fracking legislation – Chicago Tribune
May 15, 2013
- Audit: Less than half of state road fund spent on roads – State Journal-Register
May 15, 2013
Gasoline taxes are supposed to go towards roads.
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THE FATE OF ILLINOIS: Special Coverage of Our State and Local Fiscal and Pension Crises
- 9,900 Illinois Government Pensioners With Annual Pension Over $100k – Taxpayers United of America
May 23, 2013
- Cullerton’s claimed savings from union backed reform proposal challenged -Tribune
May 22, 2013
"Senate President John Cullerton's pension reform proposal would slice only about half of what he estimated it would immediately cut"
Surprise, Surprise
- Clock Is Ticking on Illinois Pension Reform – The New American
May 15, 2013
"This is how business is done in the Illinois legislature: Promise the unions little if any change in exchange for political and financial support...."
- Illinois pension reform: Civic Federation sides with Madigan over Cullerton – Crain’s
May 13, 2013
- The Empire Strikes Back: Union-Supported Bill to Lien State Cash for Pensions Passes State Senate
May 9, 2013
Only the unions understand the insolvency game: The winners are those who slap their liens on first
And the savings would be minimal
- Madigan’s pension plan would perpetuate Illinois’ crisis – IL Policy Institute
May 9, 2013
- Editorial: What’s ‘morally’ wrong? Fake pension fix – Chicago Sun-Times
May 9, 2013
- Illinois Senate committee approves Cullerton’s union-backed pension plan
May 8, 2013
This reform proposal would do little, but a group of retired teachers will sue anyway.
- Illinois Unions So Drunk On Power They’re Crushing Even Democrats Now – Policymic
May 8, 2013
- Illinois Senate to vote on union-endorsed pension reform bill – Reuters
May 6, 2013
Would have little effect on the problem.
- Illinois’ tax revenue up but probably not for long
May 5, 2013
- Madigan offers his pension reform proposal – WirePoints Original
May 1, 2013
Stick it to the Kids -- let them pay for this mess
Courts to seize any tax dollars needed to fund the pensions
The negotiation is culminating among legislators with pensions and union chiefs with pensions; disputes to be resolved by judges with pensions
- Deval Patrick’s and Pat Quinn’s Multi-Billion Dollar Teachers’ Pension Woes – Dropout Nation
April 30, 2013
Yet another source shows that the official pension deficit numbers are baloney
ILLINOIS REMAINS IN DENIAL
Current reform proposals would barely dent the problem - State Police Retirees Draw Six-Figure Pensions at Age 50 – CBS Chicago Investigation
April 30, 2013
Pensions make them multimillionaires at age 50: To buy an annuity of $100k/year would cost about $2 million.

Chicago Area News
Highlighted Stories
- Chicago Killings Cost $2.5 Billion as Murders Top N.Y.’s – Bloomberg
May 23, 2013
That's $2,500 per household.
- Pissed Off: An index Chicagoans cursing – Chicago Grid
May 22, 2013
- Chicago-area public pension funding gap rises 16.7 pct in 2011 – Tribune
May 21, 2013
- Metra cops riding overtime express, with some making more in OT than regular pay – Sun-Times
May 20, 2013
- Chicago commuter headache as ‘L’ train line shut for five months – Reuters
May 18, 2013
- Karen Lewis re-elected as CTU President – WGN-TV
May 18, 2013
- ‘The Third Coast,’ a History of Chicago by Thomas Dyja – NYT book review
May 17, 2013
- CTU files civil-rights lawsuits over school closings
May 16, 2013
- City to phase out health-care subsidy for 30,000 retirees but 5,500 oldest will be covered – Sun-Times
May 15, 2013
- Emanuel to announce $300 million DePaul stadium plan for McCormick Place
May 14, 2013
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