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Historic Cook County Pension Reform Legislation Signed into Law
1 day ago cookcountyil.gov Show details
Aug 11, 2023 · Landmark pension reform legislation backed by Cook County Board President Preckwinkle to responsibly ensure full funding of the County’s pension obligations was signed …
Illinois Governor Approves Landmark Pension Reform
5 days ago chicagodefender.com Show details
Aug 13, 2023 · The pension reform ensures that the County is consistent with Federal Safe Harbor guidance which says pension benefits provided to an employee instead of Social …
Cook County pension ‘fix’ could cost Illinois billions, fail to fund ...
1 week ago illinoispolicy.org Show details
May 2, 2023 · The Cook County Employees’ Annuity Benefit system currently holds $11.8 billion in pension debt. Illinois’ five state-run retirement systems currently have $140 billion in pension …
Toni Preckwinkle: Make Cook County's pension code change …
1 week ago chicagobusiness.com Show details
May 17, 2023 · My office’s proposed reform is to ensure that the county is consistent with federal Safe Harbor guidance — where pension benefits provided to an employee instead of Social …
Illinois High Court Hands Lawmakers a Rare Pension-Overhaul …
1 week ago usnews.com Show details
Jan 19, 2024 · Friday's ruling, which does not affect pension programs in Cook County, which includes Chicago, deals with a law Gov. J.B. Pritzker signed in late 2019 intended to boost …
Column: State lawmakers offer hopeful sign that pension reform …
1 week ago chicagotribune.com Show details
Oct 25, 2024 · But a reform designed to bring the county pension plan to 100% funding over 30 years, without need for additional state spending, is a different matter altogether than …
Cook County says employees and pensioners can breathe a little …
1 week ago yahoo.com Show details
Jun 12, 2023 · Following years of consternation about whether Cook County’s two main pension funds would fulfill its obligations to its 39,000 employees and retirees, county leaders are …
8 things to know about Chicago’s pension-reform law - Illinois Policy
1 week ago illinoispolicy.org Show details
Nov 15, 2015 · A Cook County judge is scheduled to rule on the constitutionality of Chicago's pension-reform law on July 24. No matter what the outcome is, the pension overhaul will …
Cook County Pension Fund | Cook County Pension Fund
1 week ago cookcountypension.com Show details
COUNTY EMPLOYEES' AND OFFICERS' ANNUITY AND BENEFIT FUND OF COOK COUNTY AND THE FOREST PRESERVE DISTRICT EMPLOYEES' ANNUITY AND BENEFIT FUND …
County officials say pension board’s proposed fix would cost an …
4 days ago chicagobusiness.com Show details
Oct 14, 2019 · A proposed permanent fix from Cook County's Pension Fund board would cost $267 million more than expected, and would achieve full funding only a few years earlier, Toni …
Pritzker says IL pension reform would be shot down ... - Cook …
3 days ago cookcountyrecord.com Show details
Dec 17, 2019 · In 2014-2015, Maduff represented a group of retired public workers who sued the state, and succeeded in persuading the Illinois Supreme Court to toss out a state law …
State considering lump-sum pension buyouts, but ... - Cook …
2 days ago cookcountyrecord.com Show details
Feb 29, 2016 · The House Personnel and Pensions committee discussed the idea Monday with the overall goal of reducing Illinois’ massive unfunded pension obligations, which now exceed …