This article discusses a recent survey by Morningstar that estimated public employee pension debt per-Chicagoan at $18,596. The Civic Federation said the per-capita number would be higher if it included the CTA, Chicago Park District, Cook…
The State of Illinois’ new pension law is expected to reduce statutorily…
Although the most significant change in Illinois’ new pension law consists of a reduction in…
Despite savings from recently enacted pension reforms,…
This article discusses whether the Chicago Park District pension reforms signed into law by Governor Pat Quinn on January 7 could serve as a framework for other local governments in need of pension reform. In its…
States inevitably face lawsuits when they attempt to ease budgetary pressures by cutting pension payments to current employees and retirees. While the legal battle over Illinois’…
The following posts were among the most highly read on the Civic Federation blog in 2013 and represent some of the most closely followed local government issues this year:…
The following posts were among the most highly read on the Institute for Illinois’ Fiscal Sustainability’s blog in 2013 and represent some of the most closely followed Illinois fiscal issues this year:…
The pension plan enacted by the State of Illinois on December 5, 2013 may preserve more of the benefit increases for current employees than is widely…
