Pensions
Pensions and debt devour Chicago budget
Pensions and debt dominate Chicago’s spending increases, crowding out core services. Without reform, rising obligations will drag the city into deeper financial trouble. Chicago’s budget has grown by about 40% since 2019, but the…
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…
Wait it out? Illinois pensions probably can’t afford to
Illinois’ pension crisis won’t be solved without constitutional reform. Waiting for Tier 1…
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