Illinois pension fight risks deeper fiscal hole
Illinois eyes a legal battle over its pension overhaul as unions threaten court challenges after a landmark bill. Analysts warn the state could face repayments with interest if courts strike down or limit pension changes, amid national rulings affecting public employee benefits.
MENTIONED IN THIS ARTICLE
Springfield
Ill
Illinois
Arizona
Amanda Kass
Center For Tax and Budget Accountability
Chicago
Stakes Rise for Detroit Retirees in Bankruptcy Talks
Detroit retirees face uncertain pensions after Judge Steven Rhodes ruled public pensions are not constitutionally protected in bankruptcy. Unions and funds plan appeals while 23 000 retirees and many current employees await possible cuts. Emergency manager Kevyn Orr aims to present a settlement plan by January pending court approval.
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Illinois
Michigan
Detroit
Shirley Lightsey
Steven Rhodes
Melanie Cyganowski
New York
Cyganowski
Kevyn Orr
Orr
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