The Civic Federation supports the Illinois General Assembly’s first steps toward comprehensive public pension reform in Illinois and urges state leaders to implement further reforms. On Wednesday, March 24, 2010, the Illinois General…
All ten Chicago-area local government pension funds analyzed annually by the Civic Federation had negative investment returns in fiscal year 2008 for a total investment…
The total unfunded liabilities of the ten major Chicago-area public pension funds reached $18.5 billion in fiscal year 2008. That is an increase…
As reported in the Civic Federation’s latest report on ten local government pension funds, the most recent audited financial statements of the…
Major Reforms Necessary to Avert Insolvency The Civic Federation’s annual report on the finances of ten Chicago-area public pension funds, released today, shows their aggregate funding deficit reached $18.5 billion in fiscal year 2008.…
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…
The State of Illinois’ underfunding of its retirement systems is a growing source of pressure on the State’s operating budget and an increasing focus of national attention. In a recent report by the Pew Center on the States, Illinois was…
An Analysis of the State’s Fiscal Crisis and Actionable Recommendations for Governor Pat Quinn and the Illinois General Assembly Please visit the Illinois Fiscal Rehabilitation Plan web…
Proposes Comprehensive Package to Address State Budget Crisis Please visit the Illinois Fiscal Rehabilitation Plan web page for a comprehensive look at the report. CHICAGO – The Civic…
Civic Federation President Laurence Msall was interviewed for this news segment about Illinois' severe budget troubles on National Public Radio's "All Things Considered" program. He says that Illinois' fiscal issues do not stem from the…
