IL pensions could hit schools hard

Posted:

The state of Illinois could soon be cutting even further into school budgets.

A bi-partisan bill to address Illinois' nearly 100 million dollar pension crisis passed through house committee Thursday.

It requires more employee contributions and floats the issue of shifting pension costs to local school districts, requiring them to pick up pension costs for future employee.

Lawmakers say their plan would reduce the state retirement systems' debt by 30 percent.

More News HeadlinesMore>>
RI County is taking care of thousands of warrants
RI County is taking care of thousands of warrants
By: Jillian Wilsonjwilson@cbs4qc.comThere are 8 thousand outstanding warrants and on June 28th Rock Island officials are asking anyone with a warrant to come down to the sheriff's office to clear them allMore >>
There are 8 thousand outstanding warrants and on June 28th Rock Island officials are asking anyone with a warrant to come down to the sheriff's office to clear them allMore >>
Pushing for I-74 Bridge Project
Pushing for I-74 Bridge Project
By: CBS4 Newsroom newsroom@cbs4qc.com Local lawmakers are trying to push fast forward on the I-74 bridge project. Congresswoman Cheri Bustos, along with other members of the U.S. House, have introducedMore >>
Local lawmakers are trying to push fast forward on the I-74 bridge project. More >>
Bix Jazz Fest Lineup Announced
Bix Jazz Fest Lineup Announced
By: CBS4 Newsroom newsroom@cbs4qc.com Downtown Davenport will once again be taken over by jazz musicians. The Bix Jazz Fest announced their line up for the 42nd annual festival today. The event isMore >>
Downtown Davenport will once again be taken over by jazz musicians. More >>
Quinn sets July 9 deadline for pension reform deal
Quinn sets July 9 deadline for pension reform deal
By: CBS4 Newsroom newsroom@cbs4qc.com SPRINGFIELD, Ill. (AP) Gov. Pat Quinn has set a July 9 deadline for a bipartisan committee to come up with a solution for Illinois' pension crisis. The ChicagoMore >>
(AP) Gov. Pat Quinn has set a July 9 deadline for a bipartisan committee to come up with a solution for Illinois' pension crisis.More >>
Mississippi River is home to mussels
Mississippi River is home to mussels
By: Kyle Kiel kkiel@cbs4qc.com There are over 300 species of mussels living in North America, 70 of those can be found along the Mississippi River."They come in all shapes and sizes," says Drew Becker,More >>
There are over 300 species of mussels living in North America, 70 of those can be found along the Mississippi River. Some have become endangered.
More >>
Boston Pizza Takes Over Mallards
Boston Pizza Takes Over Mallards
By: Jay Kidwell sports@cbs4qc.com Boston Pizza Restaurants has assumed ownership of the Quad City Mallards of the Central Hockey League, the Mallards announced at a press conference June 19. JordanMore >>
Boston Pizza Restaurants has assumed ownership of the Quad City Mallards of the Central Hockey League, the Mallards announced at a press conference June 19.More >>
Moline Police search for missing teen
Moline Police search for missing teen
16 year old Amy Stallings was last seen at 2504 19th Avenue in Moline just after midnight.More >>
16 year old Amy Stallings was last seen at 2504 19th Avenue in Moline just after midnight.More >>
One dozen dead dogs found in home
One dozen dead dogs found in home
Police make a horrible discovery inside a Kewanee home.More >>
Police make a horrible discovery inside a Kewanee home.More >>

IL pensions could hit schools hard - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

IL pensions could hit schools hard

More News HeadlinesMore>>