Retiree Health Insurance Ruling to Increase State Costs by $128 Million
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A court ruling on health insurance for retired State of Illinois workers could put additional pressure on the State’s stopgap budget for the year that began on July 1, 2014…
On June 26, 2014, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal…
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The health insurance programs for the State of Illinois’ retired public school teachers outside of Chicago and downstate community college employees face mounting backlogs of unpaid claims as costs continue to outpace revenues, according…
The following opinion piece by Civic Federation President Laurence Msall was published by…
This article covers Chicago Mayor Rahm Emanuel’s announcement to phase out the City’s subsidy of retiree health care by 2017 and transition all the oldest…
This article discusses a contract agreement reached between the City of Chicago and the Chicago Police Sergeants’ Association. The agreement increases employee pension contributions and the retirement age while reducing automatic annual…
Even though the Illinois General Assembly recently appropriated an additional six months of funding for State group health insurance, unpaid bills relating to the program are expected to increase by more than $200 million to $1.6 billion…
Since 1988 the City of Chicago and its four pension funds have been party to the settlement of City of Chicago v. Korshak regarding how much the City, the funds and annuitants pay for healthcare. The City pays for a portion of the retiree…