This article covers the Cook County pension reform legislation that passed the Illinois Senate May 27 and is awaiting a vote in the House. The Civic Federation said the proposal is a step in the right direction for the fund that is…
Chicago and Cook County residents who followed the pension debate at the State of Illinois might be surprised by the fact that proposals for pension reform for the…
This article discusses a tentative agreement reached to stabilize Cook County’s Pension Fund through a combination of benefit and funding reforms. A…
New actuarial reports released by the Cook County Pension Fund this month show a slight improvement in the Fund’s…
A settlement agreement on Rhode Island’s pension reform litigation that was presented to pension system members for a vote has been rejected even though most groups overwhelmingly backed it. The vote was structured such that any one group…
The Civic Federation joined with the Federal Reserve Bank of Chicago on April 23, 2014 to co-host a conference on ways that municipalities in Illinois can avoid or resolve fiscal…
This article discusses Governor Quinn’s recent indication that he would consider increasing the share of State income taxes distributed to local governments if the 2011 income tax rates were made permanent. The Civic Federation recommended…
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,…
