Chicago Teachers Union executives say their members shouldn’t have to contribute more money to their retirements because of a contract negotiation nearly 35 years ago.

As long as the state mandates pension rules and regulations for local governments, unfunded pension liabilities will continue to pressure local budgets.

Illinois ranks worst in the nation on ability to pay for its pension debt.

Here are the top 10 facts you need to know about Illinois’ pension crisis: 1) Illinois’ state pension funds have only 41 cents for every dollar they need to pay out future benefits. 2) Illinois has the nation’s worst pension crisis. Taxpayers are officially on the hook for more than $100 billion in unfunded Illinois pension debt,...

Illinois has once again earned the dubious honor of having one of the worst pension crises in the nation. This week, the Competitive Enterprise Institute, or CEI, released a report, “Understanding Public Pension Debt,” which combined the state rankings of several different pension debt studies, including reports by Moody’s Investors Service and the U.S. Census...