Pensions
Nearly 30,000 Chicago teachers are caught in pension trap
Half of retired Chicago pensioners make more than average working Illinoisans, but nearly 30,000 teachers won’t be eligible for more than a contribution refund. Chicago teacher pensions leave nearly 30,000 teachers without access to…
Illinois police pensions lock up local property taxes
Across Illinois, police pensions are taking an ever-greater share of property tax dollars,…
Illinois firefighter pensions torch local finances
In Lake County and across Illinois, fire pensions are driving up property taxes and leaving…
$53 billion pension spike advances during last-minute…
A bill that would increase Tier 2 pension benefits was passed out of Illinois House Executive…
Pensions make homeownership unaffordable in Illinois
The dream of homeownership is pushed out of reach by low housing supply and soaring property…
Pensions take up money that should go to Illinois classrooms
Pension costs take a growing share of school funding, driving up property taxes and leaving less for teachers and students. Billions of dollars meant for Illinois classrooms never get there. State pension costs have grown so fast they…
Pensions and debt devour Chicago budget
Pensions and debt dominate Chicago’s spending increases, crowding out core services. Without…
Chicago park pension remains underfunded despite…
Despite a 2021 law meant to improve the funding ratio of Chicago’s park pension, the amount…
Illinois municipal pensions solid. State pensions…
The Illinois Municipal Retirement Fund reported a 95.8% funded ratio for 2024. Other Illinois…
Without reforms, pension insolvency will eat Chicago…
If Chicago’s pension systems become insolvent, the city will have to reduce benefits or make…
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