Public Pensions

Impact on Illinois' Structural Deficit

Release: October 21, 2019

The state of Illinois faces a significant structural deficit into the future. The report highlights the nature of the structural deficit and identifies two key causes: the state’s historically flawed  tax policy and the plan devised for repayment of Illinois’ pension debt. CTBA proposes both the adoption of the Fair Tax and a reamortization of the pension debt as described in the report titled: Addressing Illinois’ Pension Debt Crisis With Reamortization. Doing so would allow the State to ensure full funding for the Evidence Based Funding Formula while also improving the status of Illinois’ public employee pension system and eliminating the State’s structural deficit by 2042.

CTBA's Testimony and Presentation to the Pension Conference Committee

Release: July 3, 2013

CTBA's 2013 testimony and presentation to the Pension Conference Committee.

Testimony to the Pension Modernization Task Force, Funding Subcommittee

Release: August 26, 2009

CTBA's August 2009, testimony to the Pension Modernization Task Force, Funding Subcommittee.

Illinois Burgeoning Unfunded Liability, More Than a Pension Problem!

Release: September 4, 2007

This Report explains the source of Illinois immense unfunded liability, and how it relates to the state's budget and overall fiscal position.