Public Sector Pensions: ‘Their Accounting Makes Enron Look Good’

The growing debt crisis in public sector pensions — governments face a $757 billion shortfall in funding their retirement promises, according to one estimate — is coming at a time when unprecedented numbers of baby boomers are reaching retirement age. Read more.

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GOP open, unions not to Gov. Pat Quinn’s ‘bold’ pension reforms

Associated Press photo

Gov. Pat Quinn proposed an ambitious plan Friday to bring Illinois out of its $83 billion pension funding hole, but he still needs the buy-in of the General Assembly and labor unions, not to mention a constitutional blessing, to make it a reality. Read more.

Storify: reactions to Gov. Quinn’s pension plan.

Rockford officer who shot man gets disability pension

Police pension board
Amy J. Correnti | rrstar.com

In one recurring dream, Stan North needs to fire his gun but the trigger won’t work. In another, he shoots, but the bullets come out in slow motion.

His blood pressure remains high, even with medication. He has trouble sleeping. He admits his wife finds him irritable at times, a hard man to live with.

Most of all, if a situation required him to fire his gun to save a life, the Rockford police officer told the Police Pension Board he’s not sure he could get the job done.

“I’d hesitate,” he said. “Seeing what I saw, the way this transpired with (Mark Anthony) Barmore, it was a sight I wish not to repeat.” Read more.