Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
As Illinois elected leaders continue to delay action on pension reform, a broad and bipartisan coalition has succeeded in pushing for reforms to public employee benefits in New Mexico.
Leaders of Illinois’ largest local teachers’ union received swift blowback after their latest push into public politics. Members dissatisfied with the priorities of their union’s leadership deserve to know they have other options.
More than 129,000 Illinois public pensioners will see expected payouts of $1 million or more during retirement.
Across all five state retirement systems, typical career workers pay for about 5% of the cost of their pension benefits. They receive an average of $1.7 million to $3.6 million.
The Illinois General Assembly passed over 600 new laws in 2019. Some helped taxpayers, but many more hurt as they spent $85 billion while doing little to fix the pension crisis.
So who wants to fund a highly unpopular politician’s sexual harassment settlement on behalf of a disgraced political worker under federal investigation? Executives at Illinois’ largest public-sector labor unions.