This article discusses the state of Illinois’ unfunded pension liabilities on the three-year anniversary of the Illinois Supreme Court’s ruling that the State’s bipartisan attempt at pension reform was unconstitutional. As the article…
Click here to read the full report. The Civic Federation’s Institute for Illinois’ Fiscal Sustainability is not…
This article previewed a forum hosted by the Civic Federation and the Federal Reserve Bank of Chicago. The half-day conference featured former elected officials, analysists and union officials to discuss options for tackling the State…
This article discusses the withholding of City of Harvey funds by the Illinois Comptroller in response to continued underfunding of Harvey's public safety pensions. Following the intercept, the City laid off nearly half of its…
This article discusses the ruling to overturn funding reforms for the Chicago Park District’s pension system. As part of the ruling, increased employee contributions will have to be repaid with interest, and the District will have to…
Illinois Governor Bruce Rauner presented his annual budget address on February 14, 2018, outlining his…
Click here to read the full report. Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’…
This article discusses a proposal before the Illinois legislature’s personnel and pension committee to borrow $107 billion to put toward the $129 billion in unfunded pension liability. Civic Federation president Laurence Msall said that…
After stabilizing due to legislative changes, Illinois’ contributions to its severely underfunded retirement…
