The Daily Northwestern

Illinois Supreme Court kills 2013 pension reform

Kevin Mathew, Copy Chief

May 10, 2015

The Illinois Supreme Court ruled unanimously on Friday that pension reductions passed in 2013 were unconstitutional. The decision struck down the most recent attempt to address a $111 billion pension shortfall and spells trouble...

Local governments eye pension consolidation, regulations

Kevin Mathew, Copy Chief

April 14, 2015

The Illinois pension system was ranked last in the country in September by credit-rating agency Moody’s, and now the north suburbs are considering a plan to consolidate local pensions into a larger pool with better revenue. Meanwhile,...

Fitch lowers Evanston’s credit rating

Edward Cox, Assistant Summer Editor

July 18, 2013

Fitch Ratings today became the second agency to knock Evanston’s credit rating a notch below the highest possible score, also pointing to the city’s sizable unfunded pension liabilities. The downgrade from AAA to AA+...