Download a pdf of this report and chart here. If Illinois continues on its current path, the amount of money that state government spends on the State Universities Retirement System, or SURS, will eclipse the amount of general funds given to public universities and community colleges. The graphic below demonstrates how the rising costs of...

by Kristina Rasmussen From Crain’s: Illinois Teachers’ Retirement System, Springfield, plans to sell $3 billion in investments, or about 10% of its $33.1 billion in assets, in the current fiscal year to pay pension benefits, according to Dave Urbanek, public information officer. The system is the fifth Illinois statewide defined benefit plan to sell off investments this...