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The Illinois Public Pension Amendment was a proposed amendment to the Illinois state constitution. On November 6, 2012, Illinois voters rejected it in a statewide referendum. [1] A legislatively referred constitutional amendment, if approved, it would have amended the Constitution of Illinois. [1]
The state’s pension system is protected by the Illinois Constitution's pension protection clause upheld by the Illinois Supreme Court and must be amended through voter referendum for costs to ...
(The Center Square) – The push is on for Illinois legislators to advance some form of pension reform to address what proponents say are shortfalls in Tier II pensions. Illinois implemented Tier ...
Illinois public pension debt grows Illinois’ pension situation is getting worse. The Commission on Government Forecasting and Accountability reports the total unfunded liability is 46% with a ...
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees. [1]
Lewis was first elected in 53.2% of the vote in 2020. Lewis ran for the Illinois Senate in the 24th Legislative district. 47th district state representative Deanne Mazzochi was the Republican nominee. Jenn Ladisch Douglass, a lawyer, was the Democratic nominee. [64]
(The Center Square) – Illinois’ pension debt compared to personal income is the second worst in the nation. Fitch Ratings reviewed pension funds for public employee retirees from every state ...
Illinois voters rejected the proposed Illinois Public Pension Amendment, a legislatively referred constitutional amendment. This would have amended the Constitution of Illinois . [ 4 ] The measure would have made it so that a three-fifths approval would be required by the General Assembly, city councils, and school districts that wish to ...