This article highlights key facts from the Civic Federation’s Status of Local Pension Funding FY2010 report that was released on June 25. The report found that the ten Chicago-area public employee…
This article covers the Civic Federation’s Status of Local Pension Funding FY2010 report that was released on June 25. The report examines the sharp financial decline of ten Chicago-area public…
(CHICAGO) A Civic Federation report released today examines the sharp financial decline of Chicago-area public employee pension funds and emphasizes the urgency of pension reform efforts in Springfield. The ten funds analyzed in the report…
This report examines the sharp financial decline of Chicago-area public employee pension funds and emphasizes the urgency of pension reform efforts in Springfield. It is intended to provide policymakers, pension trustees, pension fund…
In light of the State of Illinois’ pension funding crisis, it has become more widely understood that the annual Cost of Living Adjustment, or COLA, plays a large role…
This article discusses the progress of pension reform efforts in the final days of the Illinois General Assembly’s regular session. The Civic Federation said the reforms being considered would be an improvement over the current situation,…
The following opinion piece by Civic Federation President Laurence Msall was published by Crain's Chicago…
Mayor Rahm Emanuel addressed the Illinois House Personnel and Pension Committee on May 8 with a plan to reform the City of Chicago’s pension…
Mayor Rahm Emanuel addressed the Illinois House Personnel and Pension Committee on May 8 with a plan to reform the City of Chicago’s pension funds. The Mayor’s proposal includes a five-year increase in retirement age and a ten-year…
