Pensions

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Pension tab in Chicago, Cook Co. up to $23B

This brief about the Civic Federation’s “Status of Local Pension Funding Fiscal Year 2009” report…

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The Chicago Pension Paradox

This article summarizes findings in the Civic Federation’s “Status of Local Pension Funding Fiscal Year 2009…

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Pension Stress Tests Chicago Area as Retirees Gain on Workers

This article discusses findings in the Civic Federation’s “Status of Local Pension Funding Fiscal Year 2009…

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City Pension Crisis Called ‘Ticking Time Bomb’

Civic Federation President Laurence Msall discusses findings in the Federation’s “Status of Local Pension…

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Chicago Area Public Pension Funding Levels Continue to Weaken

(CHICAGO) A Civic Federation report released today found that the funding status of ten major Chicago-area public employee pension funds continued to deteriorate in FY2009. The group’s annual survey of local pension trends found that each…

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Status of Local Pension Funding Fiscal Year 2009: An Evaluation of Ten Local Government Employee Pension Funds in Cook County

This report analyzes basic financial data on ten major local government employee pension funds in Cook County. It is intended to provide lawmakers, pension trustees, pension fund members and taxpayers with the information they need to make…

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State of Illinois Appropriations and Total Spending: An Update

In discussions of the State of Illinois’ budget, no issue is more contentious—or more confusing—than recent spending trends. Simply stated, is Illinois spending more or less than it was two years ago?…

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State of Illinois Should Not Use Pension Obligation Bond Proceeds for General Funds

The Institute for Illinois’ Fiscal Sustainability at the Civic Federation recently described how some State of Illinois pension bond proceeds…

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Forest Preserve District of Cook County FY2011 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the FY2011 Forest Preserve District of Cook County budget of $198.0 million, which includes both operating and capital expenditures. The proposed FY2011 budget represents a decrease of $236.3 thousand, or 0.1…

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Lack of Action on FY2011 Forest Preserve District Budget Demonstrates Need for Separate Governing Board

(CHICAGO) Even though the staff of the Forest Preserve District of Cook County completed and filed its budget three months ago and is now over three weeks into the 2011 fiscal year, the dual board of Commissioners that governs both the…