SJ-R.com
Friday, Nov 28, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Candidates need to address pensions

Judge halts Illinois pension overhaul until ruling

Fifth Pension Lawsuit Filed By U of I Employees

State Supreme Court justices rake in cash tied to pension-law players

Retired teachers take aim at new pension reform law

Recent Comments

samthebutcher - Debate continues on how to go about building Quincy\'s new schools - Quincy, IL News - QuincyJournal
Blue HorseShoe says...Mr. McNay is the smartest guy in the room. Pay attention to what he says and how he votes.
GoQuincy - Debate continues on how to go about building Quincy\'s new schools - Quincy, IL News - QuincyJournal
Jeff Mays said something like with the voters passing the referendum to build the schools the voters also showed they put their faith and trust in the school board to make decisions and do what is right.. Uh lets not get carried away Mr. Mays. I didn't see that on the ballot and I think the public still has concerns!
FUmigraine_in_qcyCK - Adams Co. State\'s Attorney explains decision not to prosecute alleged dog killer - Quincy, IL News
I love migraine (clap, clap, clap, clap, clap) I love migraine (clap, clap, clap, clap, clap) Does this cheer (based on 'let's go Devils' give you a headache)
FUmigraine_in_qcyCK - QPD Blotter for September 27, 2014 - Quincy, IL News - QuincyJournal.com
Sounds like something a bitter woman would do because her man left her for someone actually having a job and prospects and not being negligent to her children. When the alleged near car collision fails, they just end up claiming rape or domestic abuse, and because of VAWA and the fact that they are women, 'THEY ARE ALWAYS RIGHT' ! Go girl power. Thank you feminist dems! You make the rocking…
FUmigraine_in_qcyCK - Drug and weapons arrest made at 30th and State - Quincy, IL News - QuincyJournal.com
Haha. Christian. Muslim. Rastafarian. Scientologist. Mormon. Ham sandwich. Jewish. Sex. Jedi. All the same=hopelessly, incorrigibly, DELUSIONAL!

Most Popular

Entrup files to run for Alderman on Quincy City Council Updated

Quincy man wounded while deer hunting

Quincy Regional Airport makes another late season push for 10,000 departures Video

Quincy City Council votes to sell defaulting loans

Quincy School Board to discuss building project with out-of-town contractor

Kinder asks if Obama Ordered National Guard to Stand Down in Ferguson Video

Debate continues on how to go about building Quincy's new schools

Bruce Guthrie named director of The District

Moody’s says Illinois Supreme Court ruling is ‘credit negative’ for state

4 months, 2 weeks ago SJ-R.com

Decision viewed as foreshadowing on case involving larger pension reform

From SJ-R.com:
Last week’s Illinois Supreme Court ruling on retiree health insurance is a credit negative for the state, Moody’s Investors Service said Friday.

The reason, Moody’s said, is the decision could foreshadow how the court will rule on the broader pension reform law the state hopes will save billions of dollars in pension costs over the coming years.

“The majority of justices expressed views that run counter to the rationale used in recent pension reform legislation for certain city and state plans,” Moody’s said. “We therefore perceive increased risk that the Illinois Supreme Court will rule the pension reform legislation unconstitutional which would jeopardize $32.7 billion of pension liability reduction.”

The court ruled last week that state-subsidized health insurance for retirees is a protected pension benefit and that the state cannot impose premiums on retirees who were promised premium-free insurance. Moody’s said the ruling shows the court has “an expansive view” of the state constitution’s pension protection clause, which says pension benefits cannot be diminished or impaired.

The pension reforms approved last year curtail annual raises in pension benefits, increase the retirement age and otherwise change benefits for current and retired workers. Attorneys for the state have argued Illinois’ precarious finances give the governor and legislature latitude to change those benefits despite the constitution.



Click Here to Read Full Article


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 5 minutes ago

Black Friday shopping crowds thin after Thanksgiving rush http://t.co/NsWu3Wsi0N
QuincyJournal on Twitter

QuincyJournal 6 minutes ago

QSFA announces member organizations forum meeting http://t.co/cbbXwLfpVs
QuincyJournal on Twitter

QuincyJournal 4 hours, 52 minutes ago

Quinn grants clemency to 126 ahead of holiday - Denied 185 petitions http://t.co/iOrikvTHsy
QuincyJournal on Twitter

QuincyJournal 4 hours, 54 minutes ago

QPD Blotter for November 28, 2014 http://t.co/zlNx2D6vAs