Onslaught of Chicago debt downgrades continues
Onslaught of Chicago debt downgrades continues
The pension shortfall per Chicago household stands at $33,500 each.
Illinois politicians should take note as Greek, Puerto Rican debts blow up: ‘This is not politics, this is math’
Illinois politicians should take note as Greek, Puerto Rican debts blow up: ‘This is not politics, this is math’
For Greece and Puerto Rico, avoiding sustainable solutions has lead to fiscal ruin. When will Illinois’ lawmakers stop whistling past the graveyard?
School’s out of options: 7 things you should know about Chicago’s teacher pension system
School’s out of options: 7 things you should know about Chicago’s teacher pension system
As contract negotiations heat up this summer, the facts are hard to stomach.
Ending the insensible: Illinois should outlaw school-district pension pickups
Ending the insensible: Illinois should outlaw school-district pension pickups
Ending teacher pension pickups is a simple, responsible way for school districts to manage their finances.
Solving Illinois’ pension crisis
Solving Illinois’ pension crisis
Actuarial analysis offers options to transition to a defined-contribution retirement plan
Tweaking payments won’t solve Illinois’ pension crisis
Tweaking payments won’t solve Illinois’ pension crisis
Changing the repayment plan to one based on flawed assumptions and bad accounting does nothing to shield taxpayers from the risks of an imperfect system.
64 percent of Illinois school districts pick up pension contributions for teachers
64 percent of Illinois school districts pick up pension contributions for teachers
Ending pension pickups is a simple, responsible way for cash-strapped school districts to free up money for the classroom.
Egan-Jones on Chicago, S&P blames Moody’s and a message to bondholders
Egan-Jones on Chicago, S&P blames Moody’s and a message to bondholders
Taxpayers need protection when municipalities go bust.
5 things you need to know about Chicago’s credit downgrades
5 things you need to know about Chicago’s credit downgrades
Talk of the next Detroit rings truer now than ever before.
Think tax hikes will fix Illinois’ pension crisis? Think again
Think tax hikes will fix Illinois’ pension crisis? Think again
More revenue can’t fix a fundamentally flawed system. Illinois lawmakers should know this; they tried that approach and failed.
Who says Illinois’ state workers don’t get Social Security?
Who says Illinois’ state workers don’t get Social Security?
More than 60,000 workers in the State Employees’ Retirement System participate in Social Security.
Illinois’ unfunded pension liability has increased by $13 million per day since 1996
Illinois’ unfunded pension liability has increased by $13 million per day since 1996
The main driver? A defined-benefit system.
IL taxpayers overpaid for pensions by more than $16B under original Edgar ramp
IL taxpayers overpaid for pensions by more than $16B under original Edgar ramp
What happens when financial gimmicks win out over real pension reform?
Moody’s downgrades Chicago to junk-bond status in wake of pension ruling
Moody’s downgrades Chicago to junk-bond status in wake of pension ruling
Expect local-government finances across the state to spiral downward until politicians pass a constitutional amendment.