State to refund $60 million in retiree health care money – State Journal-Register

Illinois will refund money to about 75,000 state retirees who’ve been paying a portion of their pensions for health insurance over the last year and a half after a court hearing in Sangamon County. Judge Steven Nardulli on Friday scheduled a Dec. 18 hearing to establish how to distribute more than $60 million to the retirees. http://www.sj-r.com/article/20141121/NEWS/141129862/10511/NEWS?rssfeed=true

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Lame Illinois pension reform voided: Time for the real thing – WP Original

By: Mark Glennon*   A Sangamon County Circuit Court granted labor’s motion to invalidate SB1, Illinois’ pension reform law. The court’s order is linked here.   The court granted labor’s motion for a judgement on the pleadings, meaning that no trial is needed and the bill is void as a matter of law. No affirmative defenses are allowed, including the state’s “police powers” argument that the state is too broke to pay its bills. That complex defense, which the state had prepared in detail with the assistance of paid, expert economists, won’t be heard.   The ruling will be appealed,

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How Screwed is Chicago? – Stump

Answer: Very screwed. Stump is an honest actuary writing about fiscal and pension problems. Chicago’s pensions are on the edge of death spiral.   http://stump.marypat.org/article/151/public-pension-watch-how-screwed-is-chicago

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Lincoln’s library has own fight on secession – News-Gazette

President Abraham Lincoln waged a costly civil war to prevent secession. Now, nearly 10 years after a presidential library in his honor was opened in Springfield, supporters of this nation’s 16th president are waging their own war of secession. http://www.news-gazette.com/opinion/columns/2014-11-20/jim-dey-lincolns-library-has-own-fight-secession.html

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Missouri, Illinois health insurance subsidies in jeopardy – Post-Dispatch

Thousands of people in Missouri and Illinois would lose a total of more than $2 billion in annual health insurance subsidies if the Supreme Court rules against the Obama administration in a case next year. http://www.stltoday.com/news/special-reports/mohealth/missouri-illinois-health-insurance-subsidies-in-jeopardy/article_a0640c2d-b3e0-5419-ac35-c9c59141043f.html

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