Kentucky governor-elect: 401(k)-style plans for new government employees
Kentucky governor-elect: 401(k)-style plans for new government employees
Kentucky’s governor-elect wants 401(k)s for new government employees.
Dear Illinois Supreme Court: 8 things to know about Chicago’s pension-reform law
Dear Illinois Supreme Court: 8 things to know about Chicago’s pension-reform law
Regardless of the outcome of the case, the burden Chicagoans face from the government-worker pension crisis won’t be going away any time soon.
8 things to know about Chicago’s pension-reform law
8 things to know about Chicago’s pension-reform law
A Cook County judge is scheduled to rule on the constitutionality of Chicago's pension-reform law on July 24. No matter what the outcome is, the pension overhaul will eventually end up in the Illinois Supreme Court. But the ruling may give a clue as to whether or not the city’s reforms will ultimately be upheld.
Moody’s: Chicago taxpayers on the hook for growing pension contributions
Moody’s: Chicago taxpayers on the hook for growing pension contributions
Chicago’s contributions to its government-worker pension funds will jump to $1 billion in 2016 from $500 million in 2015, according to a new report by Moody’s Investors Service.
Moody’s: Chicago laggard in economic growth
Moody’s: Chicago laggard in economic growth
A new report by Moody’s Investors Service details Chicago’s weak economic growth and increasing government-worker pension obligations.
7 pension reforms that Illinois can still enact despite the SB1 ruling
7 pension reforms that Illinois can still enact despite the SB1 ruling
Although the Illinois Supreme Court has ruled that altering pension benefits of current government workers violates the Illinois Constitution, there are still actions – from politicians voluntarily reforming their own pension system, to allowing municipal bankruptcy – that Illinois can take to set government-worker pensions on a more fiscally sound path.
Coming up short: What if Illinois’ pension funds miss their investment targets?
Coming up short: What if Illinois’ pension funds miss their investment targets?
Without real reforms, low investment yearly returns of 4 to 6 percent over the next 28 years could cost Illinois taxpayers anywhere from $100 billion to $200 billion above what they’re already expected to pay in contributions.
Illinois’ budget crunch: No cash for pensions
Illinois’ budget crunch: No cash for pensions
Illinois Comptroller Leslie Munger announced the state will delay a $560 million pension payment as the state’s government-pension-driven fiscal crisis worsens.
CPS pensions: From retirement security to political slush fund
CPS pensions: From retirement security to political slush fund
CPS leaders have brought the teachers’ pension fund to the brink of insolvency. Now they’re counting on taxpayers to clean up the mess.
5 things to know about Illinois’ unsustainable municipal pension fund
5 things to know about Illinois’ unsustainable municipal pension fund
Illinois taxpayers are forced – by law – to pay for local-government pensions above all else.
Illinois pays millions in pension benefits to the dead
Illinois pays millions in pension benefits to the dead
More than 1,000 dead Illinoisans received pension payments from 2010 to 2014, according to government records.
Four factors that created the CPS pension crisis
Four factors that created the CPS pension crisis
How Illinois politicians turned what was meant to provide government workers with retirement security into a political slush fund.
Parks and wrecked: City’s reform of Chicago Park District’s pension fund challenged
Parks and wrecked: City’s reform of Chicago Park District’s pension fund challenged
A challenge from the SEIU is looking to set back the city’s attempt to stave off the Chicago Park District's pension-fund insolvency.
Passing the buck: Avoiding accountability for the teacher-retirement funding mess
Passing the buck: Avoiding accountability for the teacher-retirement funding mess
Reforming Illinois’ Teachers’ Retirement System is the only hope for saving the pension fund from insolvency and providing the accountability and retirement security that teachers and taxpayers deserve.