Law Office Of Marc J. Lane

Chicago, IL 60602-1607

Researcher: Harvey's pension problems the first, but 'certainly won't be last,' to run afoul of state law

By Glenn Minnis | Thursday, Jun 21, 2018 @ 2:53pm

The city of Harvey remained locked in a court fight with state officials and its own public worker pension funds over its ability to use sales tax dollars to pay its bills. But it likely is just one of dozens of cities and other governments across Illinois poised to land on the wrong side of a state law mandating pension fund payments.
Illinois governments would face large legislative hurdle to follow Detroit's path on bankruptcy, pension cuts

By Taryn Phaneuf | Tuesday, Oct 11, 2016 @ 3:09pm

A federal appeals court in Ohio has upheld a ruling rejecting claims that Detroit retirees’ pensions were unfairly cut, demonstrating that declaring bankruptcy may be a viable, if extreme, way to deal with a city’s overwhelming pension obligation.