Chicago Pension Measures in Doubt as Quinn Withholds Signature
This article discusses the uncertain status of pension reforms for two City of Chicago funds. The reforms were passed by the Illinois General…
This article discusses the uncertain status of pension reforms for two City of Chicago funds. The reforms were passed by the Illinois General…
This article discusses the reforms for two city pension funds passed by the Illinois General Assembly earlier in April, which are still waiting…
On April 8, 2014, the Illinois House of Representatives and Senate approved Senate Bill 1922,…
This segment discusses Governor Quinn’s opposition to the property tax component of Chicago’s recent pension reform plan for its…
This article follows the legislative progress of a pension funding plan announced by the City of Chicago April 1 that would bring the Municipal and Laborers pension funds to a 90% funded level by 2054. It cites a Civic Federation…
As the legal battle over Illinois’ new pension law continues, courts continue to issue rulings on similar pension changes in other states. Last month, Governor Lincoln D. Chafee, General Treasurer Gina M. Raimondo, and the Federal…
This article reports on a pension funding plan announced by the City of Chicago April 1 that would bring the Municipal and Laborers pension funds to a 90% funded level by 2054. Without reforms, both funds face insolvency within 9-17 years…
Chicago Mayor Rahm Emanuel unveiled a proposal to stabilize the City’s underfunded Municipal and Laborers pension funds on March 31. The 40-year plan includes successive property tax increases to provide additional pension funding coupled…
The Federal Reserve Bank of Chicago and the Board of Directors of the Civic Federation are pleased to announce a conference on how municipalities in Illinois can avoid or resolve fiscal stress. The half-day conference will take place on…
This article discusses Illinois’ March 11 sale of taxable revenue-backed bonds in the context of the State’s temporary income tax increase scheduled to rollback in January 2015. It cites the Civic Federation’s recommendation to gradually…