Illinois Pension problems - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

Illinois Pension problems

Posted:

By: Jillian Wilson

jwilson@cbs4qc.com

Illinois politicians are dragging their feet on a deal to solve its biggest crisis in a generation.

The state's pension funds are the most under–funded in the country with a shortfall approaching one hundred billion dollars.

Lawmakers are considering higher retirement ages   asking workers to contribute more and switching to 401(k)–style plans.

Lawmakers will meet again next week to try and fix the problem.

  • More News Headlines

  • By: Kyle Kiel  kkiel@cbs4qc.comIt's been a stormy night in the Quad Cities so far and we're not done with the nasty weather yet!  A Severe T-Storm Warning is in effect for the Quad Cities until 12:15am...most
    By: Kyle Kiel  kkiel@cbs4qc.com   It's been a stormy night in the Quad Cities so far and we're not done with the nasty weather yet!  A Severe T-Storm Warning is in effect for the Quad Cities until 12:15am...most

  • More 600 students graduated from Augustana College Sunday. But its one student putting their best paw forward into the real world.
    More 600 students graduated from Augustana College Sunday. But its one student putting their best paw forward into the real world.

  • By CBS 4 Newsroomnewsroom@cbs4qc.comIn Davenport the storms causing a transformer to explode onto a garage. It happened near division and 68th street. Just after 7 tonight, a power line caught a tree
    In Davenport the storms causing a transformer to explode onto a garage.

  • By Natalie Zarownynzarowny@cbs4qc.comIt was a night for dads and their daughters to get together, and have a little fun without mom at the daddy daughter dance at the MLK center in Rock Island Sunday night. Girls
    It was a night for dads and their daughters to get together, and have a little fun without mom at the daddy daughter dance at the MLK center in Rock Island Sunday night.

  • By Natalie Zarownynzarowny@cbs4qc.comBefore the weather turned harsh Sunday, an outdoor concert brought out dozens to Schweibert Park in Rock Island. An international rock artist returned to her hometown,
    By Natalie Zarownynzarowny@cbs4qc.comBefore the weather turned harsh Sunday, an outdoor concert brought out dozens to Schweibert Park in Rock Island. An international rock artist returned to her hometown,

  • By Natalie Zarownynzarowny@cbs4qc.comIt was a memorial service to honor fallen firefighters in Rock Island. "It's important for us to remember our fallen brothers.  Both the ones that died in the line
    It was a memorial service to honor fallen firefighters in Rock Island

  • By: Andy McCray  amccray@cbs4qc.comSevere T-Storm Warnings are in effect this evening for several counties across the area...including Rock Island County in Illinois and Scott County in Iowa until 7:15pm.
    By: Andy McCray  amccray@cbs4qc.comSevere T-Storm Warnings are in effect this evening for several counties across the area...including Rock Island County in Illinois and Scott County in Iowa until 7:15pm.

  • By: Andy McCrayamccray@cbs4qc.comAfter a few thunderstorms early today things could get even worse later this evening!  A TORNADO WATCH has now been issued for the Quad Cities until 10 pm tonight.  The
    By: Andy McCrayamccray@cbs4qc.comAfter a few thunderstorms early today things could get even worse later this evening!  A TORNADO WATCH has now been issued for the Quad Cities until 10 pm tonight.  The
Powered by WorldNow
All content © Copyright 2000 - 2013 WorldNow and WHBF. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.