By Greg Hinz, Crain’s Chicago Business
There’s a time in life to keep your head down and quietly push ahead, trusting that progress is being made. And there’s a time to take a risk in the name of boosting your odds of final success.
Chicago Tribune
A House-backed plan to repair Illinois’ underfunded pension system, that would increase employee contributions while reducing benefits, may face a Constitutional challenge.
By Josh Barro, Bloomberg
One of the reasons that pension crises sneaked up on state and local governments over the past few years is that pensions are complicated and their finances are easily misunderstood. If I promise to pay you $100 in 20 years, what sort of expense should I say I incurred this year? Governments have been allowed to come up with all sorts of answers to that question, including “zero.” Two developments this spring push us toward more honest accounting — but will they matter?
By Karen Langley, Post-Gazette The changes Gov. Tom Corbett has proposed for the state pension
Bloomberg BNA Practitioners are suggesting that Verizon Communications’ decision in December 2012 to pay Prudential
By Joanne von Alroth, Reuters The Illinois House of Representatives on Thursday was scheduled to
By Jon Ortiz, The Sacramento Bee With billions of dollars at stake, Gov. Jerry Brown’s
Openmarket.org Pension obligations’ strains on state budgets have made pension reform a priority for state
