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Illinois Pension Ruling May Not Impact Chicago Case
Reuters Link to more items from this source
Jan. 29, 2015

"If the Illinois Supreme Court voids Illinois' pension reform law, that ruling will not derail another law aimed at shoring up two of Chicago's public pension funds, a lawyer for the city argued ... [An attorney] representing Chicago ... said the state is basing its defense on the need to invoke its police powers to ensure it can fund essential state services. The city has an additional argument that its law does not unconstitutionally diminish pension benefits because without its cost-saving elements and higher contributions the two pension funds would become insolvent within a matter of years[.]"

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