Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition. The FY2014 Roadmap includes a…
This article discusses pension reform legislation introduced by State Representative Lou Lang. The…
This article discusses a contract agreement reached between the City of Chicago and the Chicago Police Sergeants’ Association. The agreement increases employee pension contributions and the retirement age while reducing automatic annual…
This article chronicles the underfunding of Illinois’ pension systems from warnings by a Pension Laws Commission of inadequate State contributions in 1959 to the present day pension funding level of only 39 percent. The Civic Federation…
This article discusses Cook County Board President Toni Preckwinkle’s request that County officials and workers unions reach consensus within 30 days on a pension reform proposal to submit to the Illinois General Assembly. The Civic…
This article discusses Illinois Governor Pat Quinn’s February 6 State of the State address where he repeated his call for legislators to make pension reform an immediate priority. The Civic Federation said the State’s pension crisis…
(The full content of this article is only avalible to the publication's subscribers.) This article discusses the Illinois legislature’s inaction on the State’s $96 billion unfunded pension liability and examines the health of pension funds…
This article covers the inauguration of the Illinois 98th General Assembly and the ongoing challenges they face, including the State’s critical unfunded pension liability. The Civic Federation said the State’s pension costs continue to…
The 97th Illinois General Assembly’s closing session ended on January 9, 2013, leaving many questions unresolved about the State’s current budget year and fiscal sustainability in the face of its…
