Pritzker signs pension sweetener bill without knowing the cost

By Adam Schuster
12/20/2019
Illinois’ pension crisis is the nation’s worst. Maybe that’s because elected officials take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.

TAGS: bipartisan, consolidation, constitutional amendment, Illinois, Illinois Constitution, Illinois General Assembly, JB Pritzker, lawmakers, pension benefits, pension costs, pension crisis, pension debt, pension reform, safe harbor, Springfield, tier 1, tier 2

Illinois lawmakers pass pension sweeteners without knowing the cost

By Adam Schuster
11/20/2019
Illinois has nation’s worst pension debt. Maybe that’s because state lawmakers take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.

TAGS: benefits, Civic Federation, fire pensions, firefighter pensions, IRS: Internal Revenue Service, Jason Barickman, municipal pensions, pension crisis, pension debt, pension reform, pensions, police pensions, public safety, public safety pensions, safe harbor, Social Security, task force, tier 1, tier 2

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Power in payments: Illinois can help unbanked residents, save money by adopting best practices in payment methods

Each year, tens of billions of dollars flow through Illinois state government.1 These flows all depend on methods of payment. In deciding on those payment methods, policymakers must consider a number of important factors, including security controls, cost effectiveness, accessibility, speed and allowance for choice. This report shows that by adopting best practices across all...

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