Illinois Pension Reform: Illinois House Passes Major Pension Reform Package
Chicago Sun-Times : The Illinois House passed a sweeping pension-reform package this afternoon that would elevate the retirement age to 67 and restrict benefits for future state government workers and teachers. Read the whole story: Chicago Sun-Times Get HuffPost Chicago On Twitter , Facebook , and Google Buzz ! Know something we don't? E-mail us at Chicago@huffingtonpost.com

Madigan proposes overhaul of Illinois state employees' pensions
SPRINGFIELD, Ill. – House Speaker Michael Madigan proposed sweeping pension reforms for state employees today, drawing criticism from Labor unions who say they have been cut out of negotiations. The Chicago Democrat’s plan would prevent new state employees from accessing their pensions until the age of 67 and cap their annual salary benefits at $106,800. Employees could also take a reduced benefit pension at 62. Current employees would not be affected by the changes. The...

Chicago teachers could live outside city limits under new legislation
SPRINGFIELD --- Teachers at Chicago schools would be able to live outside the city limits under a measure the Illinois Senate approved today. Sponsoring Sen. Heather Steans, D-Chicago, said the legislation would expand the hiring pool, perhaps bringing in more quality instructors. Current rules require Chicago Public Schools teachers to live in the city. "The quality of the teacher first and foremost really indicates how well that child is going to do," Steans said. "I think...