Pensions
More schools double-dipping taxpayers for teacher pension costs
Many school districts cover teachers’ required pension contribution of 9% of their salary — putting that burden on taxpayers. A growing number of school districts pay all or part of teachers’ pension contributions, raising property taxes…
Retired state employee backs pension buyouts for…
Even though some of John VanVleet’s peers were skeptical about the state’s pension buyout…
In Cook County, 75% of police, fire property taxes go…
Outside Chicago, only a fourth of municipal property taxes collected this year for police and…
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 row
Illinois state pensions have less money to pay retirees than any state according to Equable Institute. It’s the third year in a row for Illinois coming in last. For the third year in a row, Illinois’ government pensions have the lowest…
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…
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…
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