More revenue can’t fix a fundamentally flawed system. Illinois lawmakers should know this; they tried that approach and failed.
More than 60,000 workers in the State Employees’ Retirement System participate in Social Security.
The main driver? A defined-benefit system.
What happens when financial gimmicks win out over real pension reform?
Expect local-government finances across the state to spiral downward until politicians pass a constitutional amendment.
In their SB 1 ruling, Illinois Supreme Court justices indicate that paying for pensions is more important than funding core government services.
Illinois’ political elite devised a pension scheme that was never affordable for Illinois taxpayers.
The Illinois Supreme Court on Friday unanimously ruled the state’s pension law, SB 1, unconstitutional. Summary of the Illinois Supreme Court decision.
Illinois desperately needs a final ruling on SB 1; the clock is ticking.
Chicago Teachers Union executives say their members shouldn’t have to contribute more money to their retirements because of a contract negotiation nearly 35 years ago.
A new report claims Chicagoans would face property-tax hikes nearing 50 percent to adequately fund city pensions.
They might not make headlines, but Illinois is home to hundreds of government-worker pension systems in horrible shape.
How did Illinois’ pension plans become so underfunded? In general, by promising far more than can possibly be delivered.
Lake Zurich is struggling under the weight of growing pension costs.