The pension shortfall per Chicago household stands at $33,500 each.

For Greece and Puerto Rico, avoiding sustainable solutions has lead to fiscal ruin. When will Illinois’ lawmakers stop whistling past the graveyard?

Missing from the discussion on Lincolnwood’s pension crisis is talk of the unfunded liability for the village’s firefighter pension fund. That’s because this fund has no unfunded liability – Lincolnwood privatized their fire protection services 25 years ago.

None of these proposals would even begin to address the Chicago’s pension crisis. The city needs reform, not revenue.

Local governments should structure themselves in a way that best meets the needs of their budget, taxpayers and public employees. And the state should give them the power to do so.

Since 2009, taxpayer contributions to police and fire pensions in Springfield have increased by 44 percent.

Baby boomers have saddled young Illinoisans with a grossly unfair burden.