“Full” Pension Payments Aren’t Full in Illinois – WP Guest

By: Tia Goss Sawhney, DrPH, FSA, MAAA* In the October 9 gubernatorial debate between Governor Quinn and Bruce Rauner. Gov. Quinn said he deserves credit for making Illinois’ full pension payment each year he’s been governor — something his predecessors didn’t do.[i]  While Gov. Quinn deserves credit for making full pension payments when, in fact they have not always been made in the past, what exactly is a full pension payment? You may be surprised to learn that fiscal year 2013’s full payment of about $6.0 billion was nearly $3.5 billion less than what was required to simply hold the

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Emanuel Plan Avoids Tax Increase Amid Pension Woes – Bloomberg

Emanuel reiterated that he won’t raise property taxes, so higher charges on phone lines will help free up money for the $50 million due for the municipal and laborer pensions. He presented his 2015 budget with an eye on winning over dissatisfied voters while bolstering the city’s standing on Wall Street. http://mobile.bloomberg.com/news/2014-10-15/emanuel-plan-avoids-tax-increase-amid-pension-woes-muni-credit.html

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No vote on Illinois fracking rules until November – A.P.

An Illinois legislative panel has put off voting on rules for high-volume oil and gas extraction until next month, as it grapples with how to ensure regulations are fair to industry while protecting the environment. http://www.theherald-news.com/2014/10/14/no-vote-on-illinois-fracking-rules-until-november/a3yshj0/

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