REPORTS Pension Solutions: reforming retirement age More than 50% of Illinois government pensioners retired at age 59 or younger. Read more… Pension Solutions: cost-of-living adjustments are supersizing state pensions More than 8,000 Illinois government retirees receive more than $100,000 in annual pension benefits. Read more… Illinois’ pension system lacks transparency Actuarial data need to be...

Suburban Chicago-based NorthShore University HealthSystem announced last month that it will “will freeze its employee pension plan as of Dec. 31 and shift all employees to a defined contribution savings plan.” The NorthShore hospital system isn’t the only private company making this move — Boeing, American Airlinesand Verizon each dropped their defined benefit plans for defined contribution retirement systems. The core...