pensions

McNary Criticizes Zweifel's Handling Of Pensions

Chris McDaniel — Tue, 25 Sep 2012 22:35:11 +0000

State Representative Cole McNary criticized the State Treasurer's handling of Missouri's pensions Tuesday. McNary is the Republican candidate for the office that is currently held by Democrat Clint Zweifel.

McNary outlined problems he sees with the Missouri State Employees Retirement System: He says there are underfunded pensions, naively optimistic forecasts for returns and a debt that will be a burden on taxpayers.

Morning Headlines: Monday, September 24, 2012

Julie Bierach and The Associated Press — Mon, 24 Sep 2012 14:25:49 +0000

Gingrich in St. Louis to support Todd Akin

Former Speaker of the House Newt Gingrich will be in suburban St. Louis on Monday at a fundraiser and news conference in support of Todd Akin's Senate campaign. The men are scheduled to appear at a $500-per-person, or $750-per-couple, fundraiser. They'll also speak at a late-morning news conference in Kirkwood.

Possible credit rating downgrade looms for Illinois over pension issues

The Associated Press — Thu, 23 Aug 2012 18:41:20 +0000

A failed special session that was supposed to lead to the passage of pension reform has pushed Illinois closer to a downgrade of its credit rating.

Gov. Pat Quinn ordered lawmakers back to Springfield last Friday to deal with the state's massively underfunded pension systems, but the chambers could not agree on a deal.

Legislative saga over firefighter pensions should end on Friday

Rachel Lippmann — Thu, 12 Jul 2012 19:54:15 +0000

After five months of debate, major reforms to the pensions for firefighters in St. Louis City are about to become law.

Ill. lawmakers leave major business unfinished despite frenzied end to session

Illinois Public Radio — Fri, 01 Jun 2012 11:58:44 +0000

Lawmakers in Illinois went past their midnight deadline in Springfield on Thursday in an effort to finish their business before the campaign season. In a frenzied end, the General Assembly approved a new state budget and authorized a massive expansion of gambling.

But they're not finished.

The collapse of pension reform means lawmakers will probably return to Springfield this summer. This recap is from Amanda Vinicky in Springfield.