Government-worker union officials filed papers with the Illinois General Assembly in favor of the “pension holiday” that contributed to the state’s $111 billion pension debt.

CPS is broke. To preserve funding for the classroom and Chicago's children, and to keep CPS from going belly up, CPS officials must broker significant concessions from the union.

On Jan. 21 Gov. Bruce Rauner reignited reform talks surrounding Illinois’ worst-in-the-nation pension crisis.

Here's what you need to know about Illinois' $111 billion state pension crisis.

Standard & Poor’s Ratings Services issued a two-notch downgrade to the Chicago Board of Education on Jan. 15, citing failure to address the district’s structural financial problems.

General Electric will move its corporate headquarters and 800 jobs to Boston, Mass., from Fairfield, Conn., noting its concerns about Chicago’s government-worker pension debt in its rejection of the Windy City.

Taxpayers pay once for state politicians’ salaries and another 1.5 times for their bankrupt pension system. In 2017, taxpayers will contribute the equivalent of nearly $123,000 for each lawmaker just to keep the General Assembly Retirement System afloat.

Diverting taxpayer dollars from pensions to salaries, underfunding pensions, and providing unsustainably high pension benefits have caused Elgin, Illinois’ combined police and firefighter pension shortfalls to double in just nine years to $180 million.

Kentucky’s governor-elect wants 401(k)s for new government employees.