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UIC's Retirement Matters: August 2014
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Monday, August 25, 2014. Illinois to Benefit from Bank of America Settlement. A clutch of states including California, New York and Illinois will share in a mini-bonanza from the $16.65 billion settlement agreed by Bank of America Corp. Six states will reap nearly $1 billion between them as well as benefiting from cash for consumer relief credits - to be put towards items such as principal reductions for certain types of Federal Housing Administration mortgages." READ MORE. Date Published: August 21, 2014.
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UIC's Retirement Matters: July 2014
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Thursday, July 17, 2014. Pension Reform May Require Change in Illinois Constitution. 8220;If the state's new pension law is found unconstitutional, which looks more likely in light of a recent Illinois Supreme Court decision, one obvious remedy is to amend the constitution. Title: “Amending the Illinois Constitution a tough path for pension reform”. Source: Crain’s Chicago Business. Date Published: July 16, 2014. Monday, July 7, 2014. Full Text Supreme Court Ruling July 3, 2014. Government and union offi...
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UIC's Retirement Matters: March 2014
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Saturday, March 15, 2014. 8220;SPRINGFIELD — The Illinois. Supreme Court today consolidated the four lawsuits challenging the state’s new pension overhaul and assigned the matter to Sangamon County for hearings. The lawsuits are brought by groups of employees, laborers and retired. Title: "Illinois pension lawsuits will be combined, heard in Springfield". Source: The Chicago Tribune. Date Published: March 3, 2014. Thursday, March 13, 2014. SURS Letter Regarding PA 98-599. The changes mandated by the law ...
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UIC's Retirement Matters: May 2013
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Thursday, May 30, 2013. Sitting in the Senate or House Gallery always provides a view of lawmaking that most of you cannot imagine. During these final days of session, passing legislation is sometimes done a bit differently than nearly everyone realizes. This Mini Briefing provides information as to where legislation is at this moment - in real time. However, the latest action of the following bills might have changed before this email is even read by you. Now possibly making their way through the Senate...
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UIC's Retirement Matters: February 2014
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Friday, February 28, 2014. SURS and SUAA Updates. SURS is overwhelmed with appointment requests. SURS individual counseling sessions are booked through May 15. Instead SURS is scheduling groups if 10 people. Each person will get their individual packet with their numbers estimated just as they would for individual counseling sessions. The old SURS estimator has been removed from the website and new one should be up next week. SURS webinars hold 500 guests, and the ones listed below are filling up fast!
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UIC's Retirement Matters: Judge John Belz Ruling on Pension Reform Bill
http://uicretirement.blogspot.com/2014/11/judge-john-belz-ruling-on-pension.html
Friday, November 21, 2014. Judge John Belz Ruling on Pension Reform Bill. 8220;Judge John Belz of the Sangamon County Circuit Court ruled today that Illinois’ pension reform bill – Senate Bill 1 – is unconstitutional. Title: “Circuit court rules Illinois pension bill unconstitutional”. Date Published: November 21, 2014. Subscribe to: Post Comments (Atom). Judge John Belz Ruling on Pension Reform Bill. Court Rules Pension Law Unconstitutional. Sangamon County Pension Litigation Ruling. Links at UIC UNITED.
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UIC's Retirement Matters: State Senator Rose Addresses Pension Ruling
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Friday, November 21, 2014. State Senator Rose Addresses Pension Ruling. I always try to get you information as soon as possible. This afternoon, the Illinois circuit court in Sangamon County struck down Senate Bill 1, so the so called Pension Reform Law. He ruled it was unconstitutional…” READ MORE. Source: State Senator Chapin Rose. Author: State Senator Chapin Rose. Date Published: November 21, 2014. Subscribe to: Post Comments (Atom). Judge John Belz Ruling on Pension Reform Bill. Links at UIC UNITED.
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UIC's Retirement Matters: August 2013
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Tuesday, August 27, 2013. SUAA Email Briefing for 8.23.2013. SUAA continues to meet with Central Management Services (CMS) on a regular basis. Today we met to talk about the current health insurance initiatives and issues regarding the State Health Insurance Program for retirees. Changes are coming and should be coordinated within the next month. However, other than a State sponsored Medicare program which will include HMOs and a Nationwide PPO there isn’t much to report at this time. In addition, those ...
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UIC's Retirement Matters: July 2013
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Monday, July 1, 2013. Conference Committee Public Hearing. Representative Lou Lang suggested that the Committee take a serious look at his pension bill which he introduced in February (HB 1251). Because Lang did not go through leadership, he admitted that his bill was dead on arrival before it even reached the House Pension and Personnel Committee. While Representative Mike Fortner was not in attendance, his pension bill was also mentioned (HB 2365) as a means to offer sensible solutions. SB 1 (as amende...
