5 things to know about Illinois’ unsustainable municipal pension fund
5 things to know about Illinois’ unsustainable municipal pension fund
Illinois taxpayers are forced – by law – to pay for local-government pensions above all else.
Illinois pays millions in pension benefits to the dead
Illinois pays millions in pension benefits to the dead
More than 1,000 dead Illinoisans received pension payments from 2010 to 2014, according to government records.
Four factors that created the CPS pension crisis
Four factors that created the CPS pension crisis
How Illinois politicians turned what was meant to provide government workers with retirement security into a political slush fund.
Parks and wrecked: City’s reform of Chicago Park District’s pension fund challenged
Parks and wrecked: City’s reform of Chicago Park District’s pension fund challenged
A challenge from the SEIU is looking to set back the city’s attempt to stave off the Chicago Park District's pension-fund insolvency.
Passing the buck: Avoiding accountability for the teacher-retirement funding mess
Passing the buck: Avoiding accountability for the teacher-retirement funding mess
Reforming Illinois’ Teachers’ Retirement System is the only hope for saving the pension fund from insolvency and providing the accountability and retirement security that teachers and taxpayers deserve.
CPS to ask employees to contribute their fair share to their pensions
CPS to ask employees to contribute their fair share to their pensions
Chicago Public Schools CEO Forrest Claypool calls for an end to “pickups” of employee pension contributions, which would save the cash-strapped district $174 million a year.
CTU president Karen Lewis calls employee-pension contribution issue “strike-worthy”
CTU president Karen Lewis calls employee-pension contribution issue “strike-worthy”
The president of the Chicago Teachers Union defied the school board to require teachers to pay more of their own retirement costs.
New law increases scrutiny of Illinois’ ailing pension funds
New law increases scrutiny of Illinois’ ailing pension funds
HB 422 mandates more frequent examination of Illinois’ pension funds and promotes a much-needed increase in state retirement fund oversight.
Fatal conceit: The truth about Illinois’ government-run pension systems
Fatal conceit: The truth about Illinois’ government-run pension systems
Politicians have proven incapable of making the decisions required to maintain the health of Illinois’ pension systems, as they lack the knowledge and actuarial understanding to do so.
Why won’t Illinois lawmakers reform their own pensions?
Why won’t Illinois lawmakers reform their own pensions?
The General Assembly Retirement System is one of the country’s worst-run retirement funds.
What happens when public unions control everything for decades? Just look at Chicago and Illinois
What happens when public unions control everything for decades? Just look at Chicago and Illinois
The status quo has clearly failed residents in the Windy City and statewide.
Chicago pension reform ruled unconstitutional
Chicago pension reform ruled unconstitutional
The Illinois Supreme Court’s precedent has made it impossible for Chicago to stave off bankruptcy by making even the most meager reforms to government-worker pensions.
Onslaught of Chicago debt downgrades continues
Onslaught of Chicago debt downgrades continues
The pension shortfall per Chicago household stands at $33,500 each.
Illinois politicians should take note as Greek, Puerto Rican debts blow up: ‘This is not politics, this is math’
Illinois politicians should take note as Greek, Puerto Rican debts blow up: ‘This is not politics, this is math’
For Greece and Puerto Rico, avoiding sustainable solutions has lead to fiscal ruin. When will Illinois’ lawmakers stop whistling past the graveyard?