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Pensions

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Civic Federation 2020 Legislative Priorities

2020 Civic Federation Legislative PrioritiesThe Civic Federation's legislative priorities for 2020 …

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Cook County Pension Unfunded Liabilities Increased $3.8 Billion in Last Decade

Since the beginning of FY2009, the Cook County Pension Fund has seen an increase in its liabilities not covered by assets, or the unfunded liability, of nearly $3.8 billion. The increase is attributable to a number of factors and has…

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Illinois’ Pension Buyout Savings Far Less than Expected

A new pension buyout plan designed to save hundreds of millions of dollars for the State of Illinois in the fiscal year that just ended actually generated relatively…

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State of Illinois FY2020 Recommended Operating and Capital Budgets: Analysis and Recommendations

Click here to read the full report. …

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Governor Cancels FY2020 Pension Holiday Plan after April Income Tax Surge

Following an unexpected influx of income tax revenues in April 2019, Illinois Governor J.B. Pritzker has dropped a controversial proposal to delay funding for the State’s financially troubled pension funds. The pension holiday, proposed…

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Financial Challenges for the Next Chicago Mayor and City Council

Click here to read the full report.…

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Chicago Teachers’ Pension Fund Provides Fiscal Year 2018 Results

In a series of…

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State of Illinois FY2020 Budget Roadmap

Click here to read the full report. Click here to…

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Study Examines Public Pension Investment Costs

A new study by a state commission in Pennsylvania compares the investment expenses paid by large public pension funds. Although…

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Illinois Pensions 101: A Visual Guide to the State's Biggest Financial Challenge

The following is an infographic-style primer intended to concisely and accessibly present the most important information and data on the Illinois pension crisis. The series explores the history and …