Pensions
Illinois alone lets state pension debt top $100B
Illinois’ $143.5 billion state pension debt saw a tiny dip, but meaningful reform is needed to stop threats to taxpayers and protect state retirees. Illinois’ state pension debt was $143.5 billion at the end of fiscal year 2025, down…
$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…
Nearly 30,000 Chicago teachers are caught in pension…
Half of retired Chicago pensioners make more than average working Illinoisans, but nearly…
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 veto session
A bill that would increase Tier 2 pension benefits was passed out of Illinois House Executive Committee on Oct 30. Members of the Illinois House Executive Committee advanced a major pension benefit increase out of committee on Oct. 30…
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…
Pension costs take a growing share of school funding, driving up property taxes and leaving…
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…
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