Pensions

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State of Illinois FY2020 Recommended Operating and Capital Budgets: Analysis and Recommendations

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Governor Cancels FY2020 Pension Holiday Plan after April Income Tax Surge

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Financial Challenges for the Next Chicago Mayor and City Council

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Chicago Teachers’ Pension Fund Provides Fiscal Year 2018 Results

In a series of…

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State of Illinois FY2020 Budget Roadmap

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Study Examines Public Pension Investment Costs

A new study by a state commission in Pennsylvania compares the investment expenses paid by large public pension funds. Although…

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Illinois Pensions 101: A Visual Guide to the State's Biggest Financial Challenge

The following is an infographic-style primer intended to concisely and accessibly present the most important information and data on the Illinois pension crisis. The series explores the history and …

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Pension challenges widespread among Illinois local governments

This article discussed the challenges municipalities across Illinois face in dealing with their growing pension obligations. The article offered a number of examples where the burden of pensions has resulted in credit downgrades and…

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Mayor Rahm Emanuel pushes public pension fix to City Council, including legalized marijuana, Chicago casino, constitutional amendment

This article covered Chicago Mayor Rahm Emanuel's call for a constitutional amendment, $10 billion in pension obligation bonds and new revenue from legalizing and taxing marijuana and a Chicago casino to stabilize the City of Chicago's…

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Analysis of the State of Illinois FY2019 Enacted Budget

The Illinois General Assembly passed a budget for fiscal year 2019 on May 31, 2018 and Governor Rauner signed it into law on June 4, 2018. The Institute for Illinois' Fiscal Sustainability has since then continued to analyze the enacted…