Pensions
In Cook County, 75% of police, fire property taxes go to pensions
Outside Chicago, only a fourth of municipal property taxes collected this year for police and fire are going to services. The vast majority of the police and fire levies in last year’s Cook County property tax bills funded pensions, not…
Record-high Illinois university workers opt-out of…
A record share of Illinois university employees opt-out of pensions for a 401(k)-style plan,…
New bill offers police and firefighters pension buyout…
Giving police and fire retirees a pension cash-out option would help reduce long-term pension…
Illinois’ pension system last place for 3rd year in a…
Illinois state pensions have less money to pay retirees than any state according to Equable…
Kifowit bill risks digging Illinois pension hole deeper
Illinois lawmakers propose a Tier 2 pension expansion that adds costly sweeteners, despite…
Chicago delaying pension payment, running low on cash
Chicago is splitting its 2026 “advance” pension payment, blaming delayed Cook County property taxes but raising concerns about pension stability. Since 2023, Chicago has made an “advance” payment in January to its woefully underfunded…
Cook County property taxes funding pensions more than…
Cook County homeowners face rising property taxes. Three-fourths of that money is going to…
1-in-5 city tax dollars go to Illinois police, fire…
Outside of Chicago, municipal property taxes across Illinois are being consumed by police and…
Illinois alone lets state pension debt top $100B
Illinois’ $143.5 billion state pension debt saw a tiny dip, but meaningful reform is needed…
$1 million a day X 600 years to fill Illinois pension…
Illinois has the highest pension debt per capita. Even if the state spent an extra $1 million…
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