This article discusses a judge’s ruling allowing the City of Detroit to enter bankruptcy. The judge additionally ruled that pension benefits for employees and retirees could be cut as a part of Detroit’s eventual reorganization plan.…
The Civic Federation supports the Metropolitan Water Reclamation District’s tentative budget of $1.2 billion for its responsible pension practices and transparent long-term planning. The District is prudently basing its pension…
In an analysis released today, the Civic Federation supports the Metropolitan Water Reclamation District’s (MWRD) FY2014 Tentative Budget of $1.2 billion for its responsible pension practices and transparent long-term planning. The full 50…
After decades of dire warnings and several years of legislative negotiations, the Illinois General Assembly on December 3, 2013 passed…
In this segment Civic Federation President Laurence Msall joined panelists to discuss details of pension reform legislation Senate Bill 1, the day before its debate and subsequent passage in the Illinois General Assembly. The Civic…
This article looks at the City of Chicago’s underfunded pension system following the Illinois General Assembly’s December 3 action on pension reform for the State funds. The Civic Federation said without pension reform, City of Chicago…
This article discusses the significant challenges City of Chicago pension funds still face after Illinois legislators passed pension reform legislation on December 3 that applies only to the State of Illinois pension funds. The Civic…
In 2011, as part of its FY2012 budgeting process, the Metropolitan Water Reclamation District (MWRD) Retirement Board proposed legislative initiatives for pension funding reform, with the support of the MWRD Board of Commissioners.…
In an analysis released today, the Civic Federation announced its support for the Chicago Park District’s proposed FY2014 budget of $425.6 million which continues the District’s multi-year effort to reduce its structural deficit. The…
